RDCM vs TOP: Correlation
Measured on weekly returns over the past three years, Radcom Ltd. (RDCM) and TOP Financial Group Limited - Class A (TOP) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDCM and TOP?
Across a 3-year window, the weekly returns of RDCM and TOP correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.24 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -2393.4 %².
Among the 11 assets we track against RDCM, TOP sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with TOP ahead by 1238.7 points (-20.8% versus +1217.9%). Risk is not evenly split, since TOP carries 5.2 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.
RDCM vs TOP: side by side
| RDCM (Radcom Ltd.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -20.8% | +1217.9% |
| 5-year return | -5.4% | -9.2% |
| Volatility (ann.) | 44.0% | 230.2% |
| Beta vs S&P 500 | 0.64 | 1.60 |
| Max drawdown (3Y) | -38.0% | -89.6% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDCM | TOP |
|---|---|---|
| 2022 | -16.2% | – |
| 2023 | -26.3% | -22.5% |
| 2024 | +53.3% | -59.5% |
| 2025 | +5.8% | -34.3% |
| 2026 | -20.4% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDCM and TOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between RDCM and TOP?
The RDCM/TOP correlation stands at -0.24 on a 3-year window (1 year: -0.45, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TOP a good diversifier for RDCM?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rdcm-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rdcm-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RDCM correlations · TOP correlations
