MODD vs RFAI: Correlation
Measured on weekly returns over the past three years, Modular Medical, Inc. (MODD) and RF Acquisition Corp II (RFAI) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MODD and RFAI?
Across a 3-year window, the weekly returns of MODD and RFAI correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 8683.4 %².
In MODD's tracked universe of 10 assets, RFAI sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 473.3 percentage points (-83.8% for MODD against +389.5% for RFAI). Note the risk asymmetry: RFAI runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MODD vs RFAI: side by side
| MODD (Modular Medical, Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -83.8% | +389.5% |
| 5-year return | -96.8% | n/a |
| Volatility (ann.) | 81.8% | 288.3% |
| Beta vs S&P 500 | 1.03 | -1.62 |
| Max drawdown (3Y) | -97.4% | -16.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MODD | RFAI |
|---|---|---|
| 2023 | -9.0% | – |
| 2024 | -24.7% | – |
| 2025 | -73.4% | +5.2% |
| 2026 | -66.9% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MODD and RFAI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MODD and RFAI?
The MODD/RFAI correlation stands at 0.35 on a 3-year window (1 year: 0.42, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RFAI a good diversifier for MODD?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/modd-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/modd-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MODD correlations · RFAI correlations
