FC vs RDGT: Correlation
Franklin Covey Company (FC) and Ridgetech, Inc. (RDGT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FC and RDGT?
Over the past 3 years, FC and RDGT moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1770.9 %².
Out of 15 assets tracked against FC, RDGT lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months FC outperformed by 102.9 percentage points (+3.4% for FC against -99.5% for RDGT). One caveat on sizing: RDGT is 2.3 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.
FC vs RDGT: side by side
| FC (Franklin Covey Company) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -99.5% |
| 5-year return | -52.7% | -100.0% |
| Volatility (ann.) | 52.1% | 120.7% |
| Beta vs S&P 500 | 1.11 | 0.28 |
| Max drawdown (3Y) | -74.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 135.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FC | RDGT |
|---|---|---|
| 2022 | +0.9% | -21.5% |
| 2023 | -6.9% | -93.9% |
| 2024 | -13.7% | -59.8% |
| 2025 | -55.3% | +61.0% |
| 2026 | +21.3% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FC and RDGT good diversifiers for each other?
Yes. With a correlation of -0.28, FC and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FC and RDGT?
The FC/RDGT correlation stands at -0.28 on a 3-year window (1 year: -0.37, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is RDGT a good diversifier for FC?
Yes. With a correlation of -0.28, FC and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fc-vs-rdgt.json
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Related comparisons
Hubs: FC correlations · RDGT correlations
