MKDW vs RDGT: Correlation
MKDWELL Tech Inc. (MKDW) and Ridgetech, Inc. (RDGT) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKDW and RDGT?
Across a 3-year window, the weekly returns of MKDW and RDGT correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -4932.9 %².
Among the 16 assets we track against MKDW, RDGT sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with MKDW ahead by 182.6 points (+83.1% versus -99.5%).
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.
MKDW vs RDGT: side by side
| MKDW (MKDWELL Tech Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +83.1% | -99.5% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 130.7% | 120.7% |
| Beta vs S&P 500 | 1.90 | 0.28 |
| Max drawdown (3Y) | -99.4% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKDW | RDGT |
|---|---|---|
| 2022 | – | -21.5% |
| 2023 | – | -93.9% |
| 2024 | -91.3% | -59.8% |
| 2025 | -82.6% | +61.0% |
| 2026 | +138.0% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKDW and RDGT good diversifiers for each other?
Yes. With a correlation of -0.31, MKDW and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MKDW and RDGT?
The MKDW/RDGT correlation stands at -0.31 on a 3-year window (1 year: -0.54, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RDGT a good diversifier for MKDW?
Yes. With a correlation of -0.31, MKDW and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MKDW correlations · RDGT correlations
