PUK vs RIME: Correlation
How closely do Prudential Public Limited Company (PUK) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUK and RIME?
On 3 years of weekly data the PUK/RIME correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.29 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -1578.2 %².
Among the 15 assets we track against PUK, RIME sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months PUK outperformed by 95.8 percentage points (+9.2% for PUK against -86.6% for RIME). Risk is not evenly split, since RIME carries 7.0 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.
PUK vs RIME: side by side
| PUK (Prudential Public Limited Company) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +9.2% | -86.6% |
| 5-year return | -26.0% | -100.0% |
| Volatility (ann.) | 28.0% | 197.4% |
| Beta vs S&P 500 | 0.87 | -0.17 |
| Max drawdown (3Y) | -41.8% | -99.9% |
| Market cap | $34.4B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PUK | RIME |
|---|---|---|
| 2022 | -19.1% | -43.3% |
| 2023 | -17.0% | -77.1% |
| 2024 | -27.3% | -91.1% |
| 2025 | +99.3% | -94.4% |
| 2026 | -9.7% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUK and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between PUK and RIME?
The PUK/RIME correlation stands at -0.29 on a 3-year window (1 year: -0.39, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for PUK?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/puk-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/puk-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PUK correlations · RIME correlations
