PUMP vs RECT: Correlation
How closely do ProPetro Holding Corp. (PUMP) and Rectitude Holdings Ltd (RECT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUMP and RECT?
On 3 years of weekly data the PUMP/RECT correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -1258.8 %².
Among the 28 assets we track against PUMP, RECT ranks #23 by 3-year correlation. The last year tells two different stories: PUMP led by 200.3 percentage points, +128.2% for PUMP against -72.1% for RECT.
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.
PUMP vs RECT: side by side
| PUMP (ProPetro Holding Corp.) | RECT (Rectitude Holdings Ltd) | |
|---|---|---|
| 1-year return | +128.2% | -72.1% |
| 5-year return | +45.4% | n/a |
| Volatility (ann.) | 65.1% | 65.0% |
| Beta vs S&P 500 | 0.73 | 0.67 |
| Max drawdown (3Y) | -59.1% | -85.4% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | 6.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PUMP | RECT |
|---|---|---|
| 2022 | +28.0% | – |
| 2023 | -19.2% | – |
| 2024 | +11.3% | – |
| 2025 | +1.9% | -74.1% |
| 2026 | +17.6% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUMP and RECT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between PUMP and RECT?
The PUMP/RECT correlation stands at -0.27 on a 3-year window (1 year: -0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RECT a good diversifier for PUMP?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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$ curl https://www.pairbook.io/api/v1/pairs/pump-vs-rect.json
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Related comparisons
Hubs: PUMP correlations · RECT correlations
