ANIK vs RGC: Correlation
Anika Therapeutics Inc. (ANIK) and Regencell Bioscience Holdings Limited (RGC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and RGC?
Over the past 3 years, ANIK and RGC moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.25). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -5245.2 %².
Out of 11 assets tracked against ANIK, RGC lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months ANIK outperformed by 188.2 percentage points (+127.0% for ANIK against -61.2% for RGC). Risk is not evenly split, since RGC carries 9.4 times the volatility of the other side.
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 RGC: side by side
| ANIK (Anika Therapeutics Inc.) | RGC (Regencell Bioscience Holdings Limited) | |
|---|---|---|
| 1-year return | +127.0% | -61.2% |
| 5-year return | -51.5% | +626.3% |
| Volatility (ann.) | 46.8% | 441.0% |
| Beta vs S&P 500 | 0.89 | -2.00 |
| Max drawdown (3Y) | -71.8% | -93.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIK | RGC |
|---|---|---|
| 2022 | -17.4% | -12.4% |
| 2023 | -23.4% | -62.4% |
| 2024 | -27.4% | -53.0% |
| 2025 | -41.6% | +16053.8% |
| 2026 | +116.9% | -73.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and RGC good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANIK and RGC?
The ANIK/RGC correlation stands at -0.25 on a 3-year window (1 year: -0.03, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is RGC a good diversifier for ANIK?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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/anik-vs-rgc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anik-vs-rgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIK correlations · RGC correlations
