RIME vs TNET: Correlation
Algorhythm Holdings, Inc. (RIME) and TriNet Group, Inc. (TNET) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RIME and TNET?
Over the past 3 years, RIME and TNET moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.59 versus -0.34 over 3 years. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -2697.8 %².
TNET is close to the least connected end of RIME's tracked universe, ranking #58 of 62. The last year tells two different stories: TNET led by 86.6 percentage points, -86.6% for RIME against +0.0% for TNET. Note the risk asymmetry: RIME runs 4.9 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 TNET: side by side
| RIME (Algorhythm Holdings, Inc.) | TNET (TriNet Group, Inc.) | |
|---|---|---|
| 1-year return | -86.6% | +0.0% |
| 5-year return | -100.0% | -20.5% |
| Volatility (ann.) | 197.4% | 40.1% |
| Beta vs S&P 500 | -0.17 | 0.77 |
| Max drawdown (3Y) | -99.9% | -74.0% |
| Market cap | – | $3.2B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RIME | TNET |
|---|---|---|
| 2022 | -43.3% | -28.8% |
| 2023 | -77.1% | +75.4% |
| 2024 | -91.1% | -23.1% |
| 2025 | -94.4% | -33.9% |
| 2026 | -72.8% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RIME and TNET good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between RIME and TNET?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.59 over the last year and -0.28 over 5 years.
Is TNET a good diversifier for RIME?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/rime-vs-tnet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rime-vs-tnet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RIME correlations · TNET correlations
