GSUN vs RDGT: Correlation
Measured on weekly returns over the past three years, Golden Sun Technology Group Limited - Class A (GSUN) and Ridgetech, Inc. (RDGT) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSUN and RDGT?
On 3 years of weekly data the GSUN/RDGT correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.28). The 5-year figure is -0.12, and annualized covariance runs at -4014.4 %².
RDGT is close to the least connected end of GSUN's tracked universe, ranking #10 of 10. Over the last 12 months GSUN came out ahead by 11.6 percentage points (-87.9% against -99.5%).
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.
GSUN vs RDGT: side by side
| GSUN (Golden Sun Technology Group Limited - Class A) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -87.9% | -99.5% |
| 5-year return | -99.8% | -100.0% |
| Volatility (ann.) | 120.6% | 120.7% |
| Beta vs S&P 500 | 1.12 | 0.28 |
| Max drawdown (3Y) | -98.1% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 0.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSUN | RDGT |
|---|---|---|
| 2022 | – | -21.5% |
| 2023 | -46.3% | -93.9% |
| 2024 | -55.0% | -59.8% |
| 2025 | -57.2% | +61.0% |
| 2026 | -70.3% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSUN and RDGT good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between GSUN and RDGT?
As of 2026-08-27, the correlation of weekly returns between GSUN and RDGT is -0.28 over 3 years, -0.45 over 1 year and -0.12 over 5 years.
Is RDGT a good diversifier for GSUN?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
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Related comparisons
Hubs: GSUN correlations · RDGT correlations
