HPP vs RIME: Correlation
Hudson Pacific Properties, Inc. (HPP) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPP and RIME?
Over the past 3 years, HPP and RIME moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2451.3 %².
RIME is close to the least connected end of HPP's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with HPP ahead by 54.4 points (-32.2% versus -86.6%). Note the risk asymmetry: RIME runs 3.1 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.
HPP vs RIME: side by side
| HPP (Hudson Pacific Properties, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.2% | -86.6% |
| 5-year return | -91.3% | -100.0% |
| Volatility (ann.) | 64.7% | 197.4% |
| Beta vs S&P 500 | 1.35 | -0.17 |
| Max drawdown (3Y) | -91.7% | -99.9% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HPP | RIME |
|---|---|---|
| 2022 | -57.9% | -43.3% |
| 2023 | +1.9% | -77.1% |
| 2024 | -66.9% | -91.1% |
| 2025 | -48.9% | -94.4% |
| 2026 | +25.3% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPP and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between HPP and RIME?
As of 2026-08-27, the correlation of weekly returns between HPP and RIME is -0.19 over 3 years, -0.24 over 1 year and -0.16 over 5 years.
Is RIME a good diversifier for HPP?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hpp-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpp-vs-rime/)
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Related comparisons
Hubs: HPP correlations · RIME correlations
