RMCO vs SSM: Correlation
Measured on weekly returns over the past three years, Royalty Management Holding Corporation (RMCO) and Sono Group N.V. (SSM) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMCO and SSM?
Over the past 3 years, RMCO and SSM moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.21). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -21908.0 %².
SSM is close to the least connected end of RMCO's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with RMCO ahead by 97.1 points (+46.6% versus -50.5%). One caveat on sizing: SSM is 13.8 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.
RMCO vs SSM: side by side
| RMCO (Royalty Management Holding Corporation) | SSM (Sono Group N.V.) | |
|---|---|---|
| 1-year return | +46.6% | -50.5% |
| 5-year return | -70.7% | -99.9% |
| Volatility (ann.) | 87.1% | 1204.8% |
| Beta vs S&P 500 | 0.25 | 0.56 |
| Max drawdown (3Y) | -93.2% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMCO | SSM |
|---|---|---|
| 2022 | -0.4% | -89.8% |
| 2023 | -83.0% | -93.9% |
| 2024 | -41.3% | -16.7% |
| 2025 | +211.1% | +86.7% |
| 2026 | -6.3% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMCO and SSM good diversifiers for each other?
Yes. With a correlation of -0.21, RMCO and SSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RMCO and SSM?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.08 over the last year and -0.21 over 5 years.
Is SSM a good diversifier for RMCO?
Yes. With a correlation of -0.21, RMCO and SSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/rmco-vs-ssm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rmco-vs-ssm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMCO correlations · SSM correlations
