PAY Paymentus Holdings, Inc.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

PAY vs RELY

Both indexed to 100 at 2026-05-11.

PAY RELY · range 74–167 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

RELY Remitly Global, Inc. Common Stock

ρ +0.48beyond mkt +0.29holdout +0.54stable 100%robust

IPAY Amplify Digital Payments ETF

ρ +0.56beyond mkt +0.22holdout +0.71stable 100%robust

FOUR Shift4 Payments, Inc.

ρ +0.46beyond mkt +0.20holdout +0.53stable 100%robust

AFRM Affirm Holdings, Inc. Class A Common Stock

ρ +0.44beyond mkt +0.18holdout +0.47stable 100%robust

CPAY Corpay, Inc.

ρ +0.47beyond mkt +0.18holdout +0.64stable 100%robust

FLYW Flywire Corporation Voting Common Stock

ρ +0.45beyond mkt +0.18holdout +0.62stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

HRTG HERITAGE INSURANCE HOLDINGS INC

horizon 10dρ +0.52holdout +0.63stable 100%robust

AORT Artivion, Inc.

horizon 10dρ +0.47holdout +0.71stable 62%moderate

GFL GFL Environmental Inc. Subordinate Voting Shares

horizon 10dρ +0.37holdout +0.35stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

MTUM iShares MSCI USA Momentum Factor ETF

Δ -0.52recent -0.31prior +0.21beyond mkt +0.07

STZ Constellation Brands, Inc.

Δ +0.52recent +0.53prior +0.02beyond mkt -0.05

GEOS Geospace Technologies Corporation Common Stock (Texas)

Δ -0.50recent -0.30prior +0.20beyond mkt +0.06

SNX TD SYNNEX Corporation

Δ -0.50recent -0.33prior +0.17beyond mkt -0.08

VICR Vicor Corporation Common Stock

Δ -0.49recent -0.35prior +0.15beyond mkt +0.06

NNBR NN, Inc. Common Stock

Δ -0.49recent -0.31prior +0.18beyond mkt -0.01

Abnormal volume rises and falls on the same days as PAY's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	q
MYO Myomo Inc.	+0.34	+0.13	-0.07	5e-11
BIVI BioVie Inc. Class A Common Stock	+0.33	+0.10	-0.04	2e-10
REAX Real REMAX Group Inc. Common Stock	+0.34	-0.01	+0.06	4e-11