HIND vs RDNT: Correlation
Vyome Holdings, Inc. (HIND) and RadNet, Inc. (RDNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIND and RDNT?
On 3 years of weekly data the HIND/RDNT correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 1518.8 %².
Few assets follow HIND as closely as RDNT, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with RDNT ahead by 84.9 points (-79.2% versus +5.7%). Note the risk asymmetry: HIND runs 2.5 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.
HIND vs RDNT: side by side
| HIND (Vyome Holdings, Inc.) | RDNT (RadNet, Inc.) | |
|---|---|---|
| 1-year return | -79.2% | +5.7% |
| 5-year return | -100.0% | +146.0% |
| Volatility (ann.) | 107.5% | 42.6% |
| Beta vs S&P 500 | 1.58 | 1.29 |
| Max drawdown (3Y) | -100.0% | -46.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIND | RDNT |
|---|---|---|
| 2022 | -91.8% | -37.5% |
| 2023 | -96.3% | +84.7% |
| 2024 | -69.2% | +100.9% |
| 2025 | -99.2% | +2.2% |
| 2026 | -35.8% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIND and RDNT good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HIND and RDNT?
As of 2026-08-27, the correlation of weekly returns between HIND and RDNT is 0.33 over 3 years, 0.23 over 1 year and 0.27 over 5 years.
Is RDNT a good diversifier for HIND?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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: HIND correlations · RDNT correlations
