RCMT vs REFI: Correlation
How closely do RCM Technologies, Inc. (RCMT) and Chicago Atlantic Real Estate Finance, Inc. (REFI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCMT and REFI?
Across a 3-year window, the weekly returns of RCMT and REFI correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of 368.3 %².
Few assets follow RCMT as closely as REFI, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with RCMT ahead by 69.5 points (+56.9% versus -12.6%). Note the risk asymmetry: RCMT runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RCMT vs REFI: side by side
| RCMT (RCM Technologies, Inc.) | REFI (Chicago Atlantic Real Estate Finance, Inc.) | |
|---|---|---|
| 1-year return | +56.9% | -12.6% |
| 5-year return | +698.6% | +21.3% |
| Volatility (ann.) | 49.1% | 19.4% |
| Beta vs S&P 500 | 0.94 | 0.51 |
| Max drawdown (3Y) | -53.1% | -24.9% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 17.7 | 7.8 |
| Dividend yield | 0.00% | 17.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCMT | REFI |
|---|---|---|
| 2022 | +73.3% | +3.4% |
| 2023 | +135.3% | +23.7% |
| 2024 | -23.7% | +8.7% |
| 2025 | -7.7% | -8.7% |
| 2026 | +100.3% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCMT and REFI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RCMT and REFI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.08 over 5 years.
Is REFI a good diversifier for RCMT?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/rcmt-vs-refi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rcmt-vs-refi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RCMT correlations · REFI correlations
