PGEN vs RDNW: Correlation
Precigen, Inc. (PGEN) and RideNow Group, Inc. (RDNW) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGEN and RDNW?
Across a 3-year window, the weekly returns of PGEN and RDNW correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.31, with an annualized covariance of 3362.8 %².
By 3-year correlation, RDNW places #5 of the 11 assets tracked against PGEN. Correlation aside, the last 12 months split them widely, with RDNW ahead by 16.4 points (+56.6% versus +73.0%).
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.
PGEN vs RDNW: side by side
| PGEN (Precigen, Inc.) | RDNW (RideNow Group, Inc.) | |
|---|---|---|
| 1-year return | +56.6% | +73.0% |
| 5-year return | +20.8% | -83.4% |
| Volatility (ann.) | 92.8% | 80.4% |
| Beta vs S&P 500 | 1.77 | 2.03 |
| Max drawdown (3Y) | -64.4% | -82.3% |
| Market cap | $2.6B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGEN | RDNW |
|---|---|---|
| 2022 | -59.0% | -84.4% |
| 2023 | -11.8% | +25.8% |
| 2024 | -16.4% | -33.3% |
| 2025 | +273.2% | +1.7% |
| 2026 | +72.0% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGEN and RDNW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PGEN and RDNW?
The PGEN/RDNW correlation stands at 0.45 on a 3-year window (1 year: 0.17, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is RDNW a good diversifier for PGEN?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/pgen-vs-rdnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pgen-vs-rdnw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PGEN correlations · RDNW correlations
