GNLX vs RDI: Correlation
How closely do Genelux Corporation (GNLX) and Reading International Inc - Class A Non-voting (RDI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLX and RDI?
Across a 3-year window, the weekly returns of GNLX and RDI correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 1531.4 %².
Within GNLX's tracked universe of 11 assets, RDI comes in at #5 by 3-year correlation. The last year tells two different stories: RDI led by 57.3 percentage points, -20.9% for GNLX against +36.4% for RDI. Note the risk asymmetry: GNLX 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.
GNLX vs RDI: side by side
| GNLX (Genelux Corporation) | RDI (Reading International Inc - Class A Non-voting) | |
|---|---|---|
| 1-year return | -20.9% | +36.4% |
| 5-year return | n/a | -57.8% |
| Volatility (ann.) | 94.6% | 44.2% |
| Beta vs S&P 500 | 0.99 | 0.26 |
| Max drawdown (3Y) | -94.4% | -58.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLX | RDI |
|---|---|---|
| 2022 | – | -31.4% |
| 2023 | – | -31.0% |
| 2024 | -83.2% | -30.9% |
| 2025 | +84.7% | -20.5% |
| 2026 | -33.9% | +100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLX and RDI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNLX and RDI?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is RDI a good diversifier for GNLX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/gnlx-vs-rdi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnlx-vs-rdi/)
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Related comparisons
Hubs: GNLX correlations · RDI correlations
