FA vs RIME: Correlation
How closely do First Advantage Corporation (FA) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FA and RIME?
On 3 years of weekly data the FA/RIME correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.24 over 3 years. The 5-year figure is -0.19, and annualized covariance runs at -2202.6 %².
Among the 16 assets we track against FA, RIME sits near the bottom by co-movement, at rank #14. The last year tells two different stories: FA led by 113.6 percentage points, +27.0% for FA against -86.6% for RIME. One caveat on sizing: RIME is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FA vs RIME: side by side
| FA (First Advantage Corporation) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +27.0% | -86.6% |
| 5-year return | +6.1% | -100.0% |
| Volatility (ann.) | 45.8% | 197.4% |
| Beta vs S&P 500 | 1.18 | -0.17 |
| Max drawdown (3Y) | -55.9% | -99.9% |
| Market cap | $3.6B | – |
| P/E (trailing) | 139.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FA | RIME |
|---|---|---|
| 2022 | -31.7% | -43.3% |
| 2023 | +41.5% | -77.1% |
| 2024 | +13.0% | -91.1% |
| 2025 | -22.4% | -94.4% |
| 2026 | +44.0% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FA and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FA and RIME?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.40 over the last year and -0.19 over 5 years.
Is RIME a good diversifier for FA?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fa-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fa-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FA correlations · RIME correlations
