IPGP vs RIME: Correlation
IPG Photonics Corporation (IPGP) and Algorhythm Holdings, Inc. (RIME) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPGP and RIME?
Across a 3-year window, the weekly returns of IPGP and RIME correlate at 0.47, moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.47). Stretching to 5 years gives 0.33, with an annualized covariance of 4422.1 %².
By 3-year correlation, RIME places #7 of the 18 assets tracked against IPGP. Correlation aside, the last 12 months split them widely, with IPGP ahead by 79.0 points (-7.6% versus -86.6%). One caveat on sizing: RIME is 4.1 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.
IPGP vs RIME: side by side
| IPGP (IPG Photonics Corporation) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -7.6% | -86.6% |
| 5-year return | -55.1% | -100.0% |
| Volatility (ann.) | 48.0% | 197.4% |
| Beta vs S&P 500 | 1.24 | -0.17 |
| Max drawdown (3Y) | -55.1% | -99.9% |
| Market cap | $3.3B | – |
| P/E (trailing) | 113.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPGP | RIME |
|---|---|---|
| 2022 | -45.0% | -43.3% |
| 2023 | +14.7% | -77.1% |
| 2024 | -33.0% | -91.1% |
| 2025 | -1.5% | -94.4% |
| 2026 | +7.9% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPGP and RIME good diversifiers for each other?
Reasonably. At 0.47, IPGP and RIME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IPGP and RIME?
The IPGP/RIME correlation stands at 0.47 on a 3-year window (1 year: 0.71, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for IPGP?
Reasonably. At 0.47, IPGP and RIME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/ipgp-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipgp-vs-rime/)
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Related comparisons
Hubs: IPGP correlations · RIME correlations
