ANIK vs REGN: Correlation
Anika Therapeutics Inc. (ANIK) and Regeneron Pharmaceuticals (REGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and REGN?
Over the past 3 years, ANIK and REGN moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 653.7 %².
Among the 11 assets we track against ANIK, REGN ranks #4 by 3-year correlation. The last year tells two different stories: ANIK led by 88.7 percentage points, +127.0% for ANIK against +38.3% for REGN.
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 REGN: side by side
| ANIK (Anika Therapeutics Inc.) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | +127.0% | +38.3% |
| 5-year return | -51.5% | +20.4% |
| Volatility (ann.) | 46.8% | 31.8% |
| Beta vs S&P 500 | 0.89 | 0.61 |
| Max drawdown (3Y) | -71.8% | -59.7% |
| Market cap | $0.3B | $83.2B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ANIK | REGN |
|---|---|---|
| 2022 | -17.4% | +14.2% |
| 2023 | -23.4% | +21.7% |
| 2024 | -27.4% | -18.9% |
| 2025 | -41.6% | +9.0% |
| 2026 | +116.9% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and REGN good diversifiers for each other?
Reasonably. At 0.44, ANIK and REGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANIK and REGN?
As of 2026-08-27, the correlation of weekly returns between ANIK and REGN is 0.44 over 3 years, 0.37 over 1 year and 0.31 over 5 years.
Is REGN a good diversifier for ANIK?
Reasonably. At 0.44, ANIK and REGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: ANIK correlations · REGN correlations
