ANIP vs HLLY: Correlation
ANI Pharmaceuticals, Inc. (ANIP) and Holley Inc. (HLLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and HLLY?
Across a 3-year window, the weekly returns of ANIP and HLLY correlate at 0.42, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.42). Stretching to 5 years gives 0.28, with an annualized covariance of 878.4 %².
In ANIP's tracked universe of 11 assets, HLLY sits right near the top at #3. On 12-month performance ANIP holds a 5.4-point edge, -20.0% against -25.4%. Risk is not evenly split, since HLLY carries 1.7 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.
ANIP vs HLLY: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | HLLY (Holley Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -25.4% |
| 5-year return | +168.3% | -74.8% |
| Volatility (ann.) | 35.1% | 60.1% |
| Beta vs S&P 500 | 0.51 | 1.33 |
| Max drawdown (3Y) | -28.7% | -70.2% |
| Market cap | $1.7B | $0.4B |
| P/E (trailing) | 16.0 | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | HLLY |
|---|---|---|
| 2022 | -12.7% | -83.7% |
| 2023 | +37.1% | +129.7% |
| 2024 | +0.3% | -38.0% |
| 2025 | +42.8% | +36.8% |
| 2026 | -6.9% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and HLLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANIP and HLLY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with -0.06 over the last year and 0.28 over 5 years.
Is HLLY a good diversifier for ANIP?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-hlly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anip-vs-hlly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIP correlations · HLLY correlations
