FCFS vs RDY: Correlation
How closely do FirstCash Holdings, Inc. (FCFS) and Dr. Reddy's Laboratories Ltd (RDY) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and RDY?
Across a 3-year window, the weekly returns of FCFS and RDY correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of -108.5 %².
Out of 13 assets tracked against FCFS, RDY lands near the bottom at #9. The last year tells two different stories: FCFS led by 66.1 percentage points, +52.1% for FCFS against -14.0% for RDY.
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.
FCFS vs RDY: side by side
| FCFS (FirstCash Holdings, Inc.) | RDY (Dr. Reddy's Laboratories Ltd) | |
|---|---|---|
| 1-year return | +52.1% | -14.0% |
| 5-year return | +180.4% | +1.0% |
| Volatility (ann.) | 23.3% | 23.9% |
| Beta vs S&P 500 | 0.08 | 0.32 |
| Max drawdown (3Y) | -23.4% | -32.0% |
| Market cap | $9.7B | $10.1B |
| P/E (trailing) | 25.0 | 29.0 |
| Dividend yield | 0.76% | 65.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCFS | RDY |
|---|---|---|
| 2022 | +18.0% | -19.7% |
| 2023 | +26.5% | +36.5% |
| 2024 | -3.2% | +14.1% |
| 2025 | +55.7% | -10.5% |
| 2026 | +41.5% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and RDY good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FCFS and RDY?
As of 2026-08-27, the correlation of weekly returns between FCFS and RDY is -0.20 over 3 years, -0.19 over 1 year and 0.02 over 5 years.
Is RDY a good diversifier for FCFS?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/fcfs-vs-rdy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcfs-vs-rdy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCFS correlations · RDY correlations
