A vs TECH: Correlation
How closely do Agilent Technologies (A) and Bio-Techne (TECH) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and TECH?
Across a 3-year window, the weekly returns of A and TECH correlate at 0.64, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 835.6 %².
Among the 33 assets we track against A, TECH ranks #7 by 3-year correlation. Their 12-month results are close: +33.9% for A against +29.6% for TECH. Across three years, the rolling one-year figure varied moderately, from 0.55 to 0.82.
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.
A vs TECH: side by side
| A (Agilent Technologies) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | +33.9% | +29.6% |
| 5-year return | -7.5% | -41.4% |
| Volatility (ann.) | 31.0% | 41.9% |
| Beta vs S&P 500 | 0.98 | 0.90 |
| Max drawdown (3Y) | -35.3% | -48.1% |
| Market cap | $44.5B | $11.4B |
| P/E (trailing) | 30.6 | 62.5 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | A | TECH |
|---|---|---|
| 2022 | -5.5% | -35.7% |
| 2023 | -6.4% | -6.5% |
| 2024 | -2.7% | -6.2% |
| 2025 | +1.9% | -17.9% |
| 2026 | +16.6% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and TECH good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between A and TECH?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.62 over the last year and 0.67 over 5 years.
Is TECH a good diversifier for A?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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: A correlations · TECH correlations
