MKDW vs RDI: Correlation
Measured on weekly returns over the past three years, MKDWELL Tech Inc. (MKDW) and Reading International Inc - Class A Non-voting (RDI) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKDW and RDI?
Across a 3-year window, the weekly returns of MKDW and RDI correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.08 over 1 year against -0.17 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -998.2 %².
Within MKDW's tracked universe of 16 assets, RDI comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MKDW ahead by 46.7 points (+83.1% versus +36.4%). Risk is not evenly split, since MKDW carries 3.0 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.
MKDW vs RDI: side by side
| MKDW (MKDWELL Tech Inc.) | RDI (Reading International Inc - Class A Non-voting) | |
|---|---|---|
| 1-year return | +83.1% | +36.4% |
| 5-year return | n/a | -57.8% |
| Volatility (ann.) | 130.7% | 44.2% |
| Beta vs S&P 500 | 1.90 | 0.26 |
| Max drawdown (3Y) | -99.4% | -58.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKDW | RDI |
|---|---|---|
| 2022 | – | -31.4% |
| 2023 | – | -31.0% |
| 2024 | -91.3% | -30.9% |
| 2025 | -82.6% | -20.5% |
| 2026 | +138.0% | +100.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKDW and RDI good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MKDW and RDI?
The MKDW/RDI correlation stands at -0.17 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RDI a good diversifier for MKDW?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MKDW correlations · RDI correlations
