RIGL vs TMCI: Correlation
Rigel Pharmaceuticals, Inc. (RIGL) and Treace Medical Concepts, Inc. (TMCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIGL and TMCI?
On 3 years of weekly data the RIGL/TMCI correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.49). The 5-year figure is 0.35, and annualized covariance runs at 3473.7 %².
Within RIGL's tracked universe of 13 assets, TMCI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RIGL ahead by 55.9 points (+17.9% versus -38.0%).
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.
RIGL vs TMCI: side by side
| RIGL (Rigel Pharmaceuticals, Inc.) | TMCI (Treace Medical Concepts, Inc.) | |
|---|---|---|
| 1-year return | +17.9% | -38.0% |
| 5-year return | +23.3% | -81.5% |
| Volatility (ann.) | 76.9% | 92.1% |
| Beta vs S&P 500 | 1.98 | 2.37 |
| Max drawdown (3Y) | -50.8% | -92.6% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIGL | TMCI |
|---|---|---|
| 2022 | -43.4% | +23.3% |
| 2023 | -3.3% | -44.5% |
| 2024 | +16.0% | -41.6% |
| 2025 | +154.6% | -67.1% |
| 2026 | +9.4% | +87.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIGL and TMCI good diversifiers for each other?
Reasonably. At 0.49, RIGL and TMCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RIGL and TMCI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.13 over the last year and 0.35 over 5 years.
Is TMCI a good diversifier for RIGL?
Reasonably. At 0.49, RIGL and TMCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/rigl-vs-tmci.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rigl-vs-tmci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RIGL correlations · TMCI correlations
