MAT vs RIME: Correlation
Mattel, Inc. (MAT) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAT and RIME?
Over the past 3 years, MAT and RIME moved with a correlation of -0.41, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.64) runs below the 3-year figure (-0.41). Over 5 years the correlation is -0.32, and the annualized covariance of weekly returns is -2753.8 %².
Out of 12 assets tracked against MAT, RIME lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months MAT outperformed by 67.1 percentage points (-19.5% for MAT against -86.6% for RIME). Risk is not evenly split, since RIME carries 5.8 times the volatility of the other side.
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.
MAT vs RIME: side by side
| MAT (Mattel, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -19.5% | -86.6% |
| 5-year return | -31.2% | -100.0% |
| Volatility (ann.) | 34.0% | 197.4% |
| Beta vs S&P 500 | 0.87 | -0.17 |
| Max drawdown (3Y) | -41.5% | -99.9% |
| Market cap | $4.3B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAT | RIME |
|---|---|---|
| 2022 | -17.3% | -43.3% |
| 2023 | +5.8% | -77.1% |
| 2024 | -6.1% | -91.1% |
| 2025 | +11.9% | -94.4% |
| 2026 | -24.8% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAT and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between MAT and RIME?
The MAT/RIME correlation stands at -0.41 on a 3-year window (1 year: -0.64, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for MAT?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 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/mat-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mat-vs-rime/)
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Related comparisons
Hubs: MAT correlations · RIME correlations
