PRHI vs RYDE: Correlation
How closely do Presurance Holdings, Inc. (PRHI) and Ryde Group Ltd. Class A (RYDE) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRHI and RYDE?
On 3 years of weekly data the PRHI/RYDE correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.44 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 12537.2 %².
RYDE is one of the assets that tracks PRHI most closely: it ranks #2 out of the 15 assets we track against PRHI. The last year tells two different stories: RYDE led by 96.9 percentage points, +21.0% for PRHI against +117.9% for RYDE. One caveat on sizing: RYDE is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PRHI vs RYDE: side by side
| PRHI (Presurance Holdings, Inc.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | +21.0% | +117.9% |
| 5-year return | -77.0% | n/a |
| Volatility (ann.) | 122.6% | 224.8% |
| Beta vs S&P 500 | 0.03 | -0.77 |
| Max drawdown (3Y) | -76.4% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRHI | RYDE |
|---|---|---|
| 2022 | -32.3% | – |
| 2023 | -29.9% | – |
| 2024 | +6.4% | – |
| 2025 | -39.1% | -43.5% |
| 2026 | +34.9% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRHI and RYDE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PRHI and RYDE?
The PRHI/RYDE correlation stands at 0.44 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RYDE a good diversifier for PRHI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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: PRHI correlations · RYDE correlations
