NRT vs RMNI: Correlation
North European Oil Royality Trust (NRT) and Rimini Street, Inc. (RMNI) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and RMNI?
Across a 3-year window, the weekly returns of NRT and RMNI correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.00, with an annualized covariance of -731.0 %².
Within NRT's tracked universe of 62 assets, RMNI comes in at #51 by 3-year correlation. The last year tells two different stories: NRT led by 57.6 percentage points, +85.2% for NRT against +27.6% for RMNI.
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.
NRT vs RMNI: side by side
| NRT (North European Oil Royality Trust) | RMNI (Rimini Street, Inc.) | |
|---|---|---|
| 1-year return | +85.2% | +27.6% |
| 5-year return | +131.5% | -42.9% |
| Volatility (ann.) | 51.6% | 59.7% |
| Beta vs S&P 500 | -0.42 | 1.19 |
| Max drawdown (3Y) | -66.1% | -53.5% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | 8.4 | 76.7 |
| Dividend yield | 11.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRT | RMNI |
|---|---|---|
| 2022 | +41.9% | -36.2% |
| 2023 | -46.5% | -14.2% |
| 2024 | -25.3% | -18.3% |
| 2025 | +88.4% | +45.3% |
| 2026 | +41.9% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and RMNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRT and RMNI?
As of 2026-08-27, the correlation of weekly returns between NRT and RMNI is -0.24 over 3 years, -0.14 over 1 year and 0.00 over 5 years.
Is RMNI a good diversifier for NRT?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/nrt-vs-rmni.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrt-vs-rmni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NRT correlations · RMNI correlations
