PAYS vs RDGT: Correlation
How closely do Paysign, Inc. (PAYS) and Ridgetech, Inc. (RDGT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYS and RDGT?
On 3 years of weekly data the PAYS/RDGT correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.23). The 5-year figure is -0.12, and annualized covariance runs at -2237.5 %².
Out of 15 assets tracked against PAYS, RDGT lands near the bottom at #13. The last year tells two different stories: PAYS led by 248.7 percentage points, +149.2% for PAYS against -99.5% for RDGT.
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.
PAYS vs RDGT: side by side
| PAYS (Paysign, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +149.2% | -99.5% |
| 5-year return | +430.6% | -100.0% |
| Volatility (ann.) | 81.0% | 120.7% |
| Beta vs S&P 500 | 1.60 | 0.28 |
| Max drawdown (3Y) | -64.6% | -99.9% |
| Market cap | $0.7B | – |
| P/E (trailing) | 50.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYS | RDGT |
|---|---|---|
| 2022 | +61.2% | -21.5% |
| 2023 | +8.5% | -93.9% |
| 2024 | +7.9% | -59.8% |
| 2025 | +70.5% | +61.0% |
| 2026 | +155.5% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYS and RDGT good diversifiers for each other?
Yes. With a correlation of -0.23, PAYS and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAYS and RDGT?
As of 2026-08-27, the correlation of weekly returns between PAYS and RDGT is -0.23 over 3 years, -0.39 over 1 year and -0.12 over 5 years.
Is RDGT a good diversifier for PAYS?
Yes. With a correlation of -0.23, PAYS and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: PAYS correlations · RDGT correlations
