PRFX vs RCAT: Correlation
How closely do PRF Technologies Ltd. (PRFX) and Red Cat Holdings, Inc. (RCAT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRFX and RCAT?
On 3 years of weekly data the PRFX/RCAT correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 16681.4 %².
Among the 23 assets we track against PRFX, RCAT ranks #12 by 3-year correlation. The last year tells two different stories: RCAT led by 91.1 percentage points, -87.7% for PRFX against +3.4% for RCAT. Risk is not evenly split, since PRFX carries 2.4 times the volatility of the other side.
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.
PRFX vs RCAT: side by side
| PRFX (PRF Technologies Ltd.) | RCAT (Red Cat Holdings, Inc.) | |
|---|---|---|
| 1-year return | -87.7% | +3.4% |
| 5-year return | -99.9% | +239.9% |
| Volatility (ann.) | 291.2% | 121.3% |
| Beta vs S&P 500 | 2.46 | 1.43 |
| Max drawdown (3Y) | -99.3% | -67.2% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRFX | RCAT |
|---|---|---|
| 2022 | -68.9% | -54.8% |
| 2023 | -33.4% | -6.4% |
| 2024 | -79.7% | +1360.2% |
| 2025 | -80.9% | -38.3% |
| 2026 | -69.3% | +17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRFX and RCAT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRFX and RCAT?
As of 2026-08-27, the correlation of weekly returns between PRFX and RCAT is 0.47 over 3 years, 0.57 over 1 year and 0.43 over 5 years.
Is RCAT a good diversifier for PRFX?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/prfx-vs-rcat.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: PRFX correlations · RCAT correlations
