RCMT vs UCAR: Correlation
RCM Technologies, Inc. (RCMT) and U Power Limited - Class A (UCAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RCMT and UCAR?
Over the past 3 years, RCMT and UCAR moved with a correlation of 0.38, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.38). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3479.7 %².
Within RCMT's tracked universe of 10 assets, UCAR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RCMT ahead by 153.8 points (+56.9% versus -96.9%). One caveat on sizing: UCAR is 3.8 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.
RCMT vs UCAR: side by side
| RCMT (RCM Technologies, Inc.) | UCAR (U Power Limited - Class A) | |
|---|---|---|
| 1-year return | +56.9% | -96.9% |
| 5-year return | +698.6% | n/a |
| Volatility (ann.) | 49.1% | 186.9% |
| Beta vs S&P 500 | 0.94 | 2.54 |
| Max drawdown (3Y) | -53.1% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RCMT | UCAR |
|---|---|---|
| 2022 | +73.3% | – |
| 2023 | +135.3% | – |
| 2024 | -23.7% | -64.0% |
| 2025 | -7.7% | -77.1% |
| 2026 | +100.3% | -95.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RCMT and UCAR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RCMT and UCAR?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.54 over the last year and n/a over 5 years.
Is UCAR a good diversifier for RCMT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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-ucar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rcmt-vs-ucar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RCMT correlations · UCAR correlations
