ANIK vs RCKY: Correlation
How closely do Anika Therapeutics Inc. (ANIK) and Rocky Brands, Inc. (RCKY) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and RCKY?
On 3 years of weekly data the ANIK/RCKY correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.74 versus 0.48 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 1526.9 %².
RCKY is one of the assets that tracks ANIK most closely: it ranks #1 out of the 11 assets we track against ANIK. The last year tells two different stories: ANIK led by 76.7 percentage points, +127.0% for ANIK against +50.3% for RCKY.
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.
ANIK vs RCKY: side by side
| ANIK (Anika Therapeutics Inc.) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | +50.3% |
| 5-year return | -51.5% | +0.6% |
| Volatility (ann.) | 46.8% | 68.1% |
| Beta vs S&P 500 | 0.89 | 1.66 |
| Max drawdown (3Y) | -71.8% | -68.0% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIK | RCKY |
|---|---|---|
| 2022 | -17.4% | -39.5% |
| 2023 | -23.4% | +31.4% |
| 2024 | -27.4% | -22.8% |
| 2025 | -41.6% | +31.9% |
| 2026 | +116.9% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and RCKY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANIK and RCKY?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.74 over the last year and 0.38 over 5 years.
Is RCKY a good diversifier for ANIK?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anik-vs-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anik-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIK correlations · RCKY correlations
