HFBL vs RDGT: Correlation
Home Federal Bancorp, Inc. of Louisiana (HFBL) and Ridgetech, Inc. (RDGT) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and RDGT?
On 3 years of weekly data the HFBL/RDGT correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.30). The 5-year figure is -0.19, and annualized covariance runs at -1095.9 %².
RDGT is close to the least connected end of HFBL's tracked universe, ranking #12 of 12. The last year tells two different stories: HFBL led by 201.5 percentage points, +102.0% for HFBL against -99.5% for RDGT. One caveat on sizing: RDGT is 4.0 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.
HFBL vs RDGT: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +102.0% | -99.5% |
| 5-year return | +67.8% | -100.0% |
| Volatility (ann.) | 30.5% | 120.7% |
| Beta vs S&P 500 | 0.12 | 0.28 |
| Max drawdown (3Y) | -28.6% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFBL | RDGT |
|---|---|---|
| 2022 | -14.2% | -21.5% |
| 2023 | -13.5% | -93.9% |
| 2024 | -8.9% | -59.8% |
| 2025 | +49.2% | +61.0% |
| 2026 | +44.7% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and RDGT good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between HFBL and RDGT?
As of 2026-08-27, the correlation of weekly returns between HFBL and RDGT is -0.30 over 3 years, -0.43 over 1 year and -0.19 over 5 years.
Is RDGT a good diversifier for HFBL?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HFBL correlations · RDGT correlations
