RENT vs TPCS: Correlation
Rent the Runway, Inc. (RENT) and TechPrecision Corporation (TPCS) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RENT and TPCS?
Across a 3-year window, the weekly returns of RENT and TPCS correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.44 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 6630.9 %².
Few assets follow RENT as closely as TPCS, which ranks #1 of 18 tracked partners. Their recent paths diverged sharply: over the last 12 months TPCS outperformed by 39.3 percentage points (-35.8% for RENT against +3.5% for TPCS). Note the risk asymmetry: RENT runs 3.0 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.
RENT vs TPCS: side by side
| RENT (Rent the Runway, Inc.) | TPCS (TechPrecision Corporation) | |
|---|---|---|
| 1-year return | -35.8% | +3.5% |
| 5-year return | -99.1% | -11.6% |
| Volatility (ann.) | 212.1% | 71.2% |
| Beta vs S&P 500 | 2.17 | 0.74 |
| Max drawdown (3Y) | -91.6% | -71.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 0.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RENT | TPCS |
|---|---|---|
| 2022 | -62.6% | +2.0% |
| 2023 | -82.7% | -37.4% |
| 2024 | -19.5% | -29.5% |
| 2025 | -6.9% | +32.3% |
| 2026 | -54.4% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RENT and TPCS good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RENT and TPCS?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.08 over the last year and 0.37 over 5 years.
Is TPCS a good diversifier for RENT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rent-vs-tpcs.json
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Related comparisons
Hubs: RENT correlations · TPCS correlations
