GIGM vs RKTO: Correlation
How closely do GigaMedia Limited (GIGM) and Rocket One Inc. (RKTO) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIGM and RKTO?
On 3 years of weekly data the GIGM/RKTO correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 1316.0 %².
RKTO is one of the assets that tracks GIGM most closely: it ranks #2 out of the 10 assets we track against GIGM. Correlation aside, the last 12 months split them widely, with GIGM ahead by 32.1 points (-8.2% versus -40.3%). Note the risk asymmetry: RKTO runs 5.3 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.
GIGM vs RKTO: side by side
| GIGM (GigaMedia Limited) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | -8.2% | -40.3% |
| 5-year return | -44.2% | -97.7% |
| Volatility (ann.) | 25.6% | 135.8% |
| Beta vs S&P 500 | 0.27 | 0.30 |
| Max drawdown (3Y) | -29.6% | -81.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIGM | RKTO |
|---|---|---|
| 2022 | -46.2% | -52.7% |
| 2023 | +14.9% | -81.5% |
| 2024 | +11.5% | -48.1% |
| 2025 | -1.9% | +32.4% |
| 2026 | -4.6% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIGM and RKTO good diversifiers for each other?
Reasonably. At 0.38, GIGM and RKTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GIGM and RKTO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.41 over the last year and 0.21 over 5 years.
Is RKTO a good diversifier for GIGM?
Reasonably. At 0.38, GIGM and RKTO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: GIGM correlations · RKTO correlations
