RIME vs ROP: Correlation
How closely do Algorhythm Holdings, Inc. (RIME) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIME and ROP?
On 3 years of weekly data the RIME/ROP correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.26). The 5-year figure is -0.25, and annualized covariance runs at -1058.1 %².
Among the 62 assets we track against RIME, ROP ranks #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROP outperformed by 67.3 percentage points (-86.6% for RIME against -19.3% for ROP). Note the risk asymmetry: RIME runs 9.6 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.
RIME vs ROP: side by side
| RIME (Algorhythm Holdings, Inc.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -86.6% | -19.3% |
| 5-year return | -100.0% | -9.6% |
| Volatility (ann.) | 197.4% | 20.5% |
| Beta vs S&P 500 | -0.17 | 0.55 |
| Max drawdown (3Y) | -99.9% | -46.5% |
| Market cap | – | $41.8B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RIME | ROP |
|---|---|---|
| 2022 | -43.3% | -11.6% |
| 2023 | -77.1% | +26.9% |
| 2024 | -91.1% | -4.1% |
| 2025 | -94.4% | -13.8% |
| 2026 | -72.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIME and ROP good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between RIME and ROP?
The RIME/ROP correlation stands at -0.26 on a 3-year window (1 year: -0.41, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for RIME?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/rime-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rime-vs-rop/)
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Related comparisons
Hubs: RIME correlations · ROP correlations
