EFOI vs RMSG: Correlation
How closely do Energy Focus, Inc. (EFOI) and Real Messenger Corporation (RMSG) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFOI and RMSG?
On 3 years of weekly data the EFOI/RMSG correlation comes out at 0.70, strong. Lately the two have moved closer together, with the 1-year correlation at 0.93 versus 0.70 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 36516.2 %².
In EFOI's tracked universe of 17 assets, RMSG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months EFOI outperformed by 102.2 percentage points (+13.2% for EFOI against -89.0% for RMSG). Note the risk asymmetry: RMSG runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EFOI vs RMSG: side by side
| EFOI (Energy Focus, Inc.) | RMSG (Real Messenger Corporation) | |
|---|---|---|
| 1-year return | +13.2% | -89.0% |
| 5-year return | -87.5% | -96.3% |
| Volatility (ann.) | 158.7% | 329.1% |
| Beta vs S&P 500 | 1.96 | 4.85 |
| Max drawdown (3Y) | -58.2% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFOI | RMSG |
|---|---|---|
| 2022 | -92.5% | +5.1% |
| 2023 | -32.6% | +9.6% |
| 2024 | -21.2% | -77.7% |
| 2025 | +94.1% | -47.1% |
| 2026 | +25.5% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFOI and RMSG good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFOI and RMSG?
As of 2026-08-27, the correlation of weekly returns between EFOI and RMSG is 0.70 over 3 years, 0.93 over 1 year and 0.59 over 5 years.
Is RMSG a good diversifier for EFOI?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efoi-vs-rmsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efoi-vs-rmsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFOI correlations · RMSG correlations
