PAR vs RDVT: Correlation
PAR Technology Corporation (PAR) and Red Violet, Inc. (RDVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAR and RDVT?
Across a 3-year window, the weekly returns of PAR and RDVT correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 1367.8 %².
Among the 21 assets we track against PAR, RDVT ranks #5 by 3-year correlation. The last year tells two different stories: RDVT led by 109.3 percentage points, -63.2% for PAR against +46.1% for RDVT.
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.
PAR vs RDVT: side by side
| PAR (PAR Technology Corporation) | RDVT (Red Violet, Inc.) | |
|---|---|---|
| 1-year return | -63.2% | +46.1% |
| 5-year return | -71.7% | +153.0% |
| Volatility (ann.) | 56.2% | 45.1% |
| Beta vs S&P 500 | 1.72 | 1.12 |
| Max drawdown (3Y) | -85.4% | -42.1% |
| Market cap | $0.8B | $1.2B |
| P/E (trailing) | – | 63.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAR | RDVT |
|---|---|---|
| 2022 | -50.6% | -42.0% |
| 2023 | +67.0% | -13.2% |
| 2024 | +66.9% | +81.3% |
| 2025 | -50.1% | +58.6% |
| 2026 | -47.0% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAR and RDVT good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAR and RDVT?
As of 2026-08-27, the correlation of weekly returns between PAR and RDVT is 0.54 over 3 years, 0.59 over 1 year and 0.48 over 5 years.
Is RDVT a good diversifier for PAR?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/par-vs-rdvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/par-vs-rdvt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAR correlations · RDVT correlations
