ANIP vs CWK: Correlation
How closely do ANI Pharmaceuticals, Inc. (ANIP) and Cushman & Wakefield Ltd. (CWK) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and CWK?
On 3 years of weekly data the ANIP/CWK correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.44). The 5-year figure is 0.34, and annualized covariance runs at 722.2 %².
Few assets follow ANIP as closely as CWK, which ranks #2 of 11 tracked partners. The trailing year gives CWK the advantage: -20.0% versus -11.4%, a 8.6-point spread.
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.
ANIP vs CWK: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | CWK (Cushman & Wakefield Ltd.) | |
|---|---|---|
| 1-year return | -20.0% | -11.4% |
| 5-year return | +168.3% | -22.4% |
| Volatility (ann.) | 35.1% | 47.1% |
| Beta vs S&P 500 | 0.51 | 1.67 |
| Max drawdown (3Y) | -28.7% | -49.0% |
| Market cap | $1.7B | $3.3B |
| P/E (trailing) | 16.0 | 50.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | CWK |
|---|---|---|
| 2022 | -12.7% | -44.0% |
| 2023 | +37.1% | -13.3% |
| 2024 | +0.3% | +21.1% |
| 2025 | +42.8% | +23.8% |
| 2026 | -6.9% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and CWK good diversifiers for each other?
Reasonably. At 0.44, ANIP and CWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANIP and CWK?
The ANIP/CWK correlation stands at 0.44 on a 3-year window (1 year: 0.56, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is CWK a good diversifier for ANIP?
Reasonably. At 0.44, ANIP and CWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/anip-vs-cwk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anip-vs-cwk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIP correlations · CWK correlations
