RLMD vs TATT: Correlation
Measured on weekly returns over the past three years, Relmada Therapeutics, Inc. (RLMD) and TAT Technologies Ltd. (TATT) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLMD and TATT?
On 3 years of weekly data the RLMD/TATT correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.25). The 5-year figure is -0.16, and annualized covariance runs at -1738.9 %².
Among the 11 assets we track against RLMD, TATT sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with RLMD ahead by 573.9 points (+574.6% versus +0.7%). One caveat on sizing: RLMD is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RLMD vs TATT: side by side
| RLMD (Relmada Therapeutics, Inc.) | TATT (TAT Technologies Ltd.) | |
|---|---|---|
| 1-year return | +574.6% | +0.7% |
| 5-year return | -81.0% | +532.6% |
| Volatility (ann.) | 134.2% | 52.0% |
| Beta vs S&P 500 | 1.62 | 0.89 |
| Max drawdown (3Y) | -96.3% | -47.5% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | – | 24.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLMD | TATT |
|---|---|---|
| 2022 | -84.5% | -16.0% |
| 2023 | +18.6% | +91.5% |
| 2024 | -87.4% | +153.0% |
| 2025 | +828.8% | +73.9% |
| 2026 | -6.4% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLMD and TATT good diversifiers for each other?
Yes. With a correlation of -0.25, RLMD and TATT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RLMD and TATT?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.04 over the last year and -0.16 over 5 years.
Is TATT a good diversifier for RLMD?
Yes. With a correlation of -0.25, RLMD and TATT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: RLMD correlations · TATT correlations
