IVDA vs RR: Correlation
How closely do Iveda Solutions, Inc. (IVDA) and Richtech Robotics Inc. (RR) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVDA and RR?
Over the past 3 years, IVDA and RR moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.51 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10239.3 %².
Few assets follow IVDA as closely as RR, which ranks #2 of 10 tracked partners. The last year tells two different stories: RR led by 40.7 percentage points, -81.8% for IVDA against -41.1% for RR.
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.
IVDA vs RR: side by side
| IVDA (Iveda Solutions, Inc.) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | -81.8% | -41.1% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 125.9% | 155.1% |
| Beta vs S&P 500 | 1.47 | 2.22 |
| Max drawdown (3Y) | -97.4% | -96.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IVDA | RR |
|---|---|---|
| 2022 | -96.8% | – |
| 2023 | +12.5% | – |
| 2024 | -2.0% | -54.6% |
| 2025 | -83.0% | +19.6% |
| 2026 | -64.6% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVDA and RR good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IVDA and RR?
The IVDA/RR correlation stands at 0.51 on a 3-year window (1 year: 0.59, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RR a good diversifier for IVDA?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/ivda-vs-rr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ivda-vs-rr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IVDA correlations · RR correlations
