ANIP vs RYN: Correlation
How closely do ANI Pharmaceuticals, Inc. (ANIP) and Rayonier Inc. REIT (RYN) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and RYN?
Over the past 3 years, ANIP and RYN moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.41). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 370.4 %².
Within ANIP's tracked universe of 11 assets, RYN comes in at #4 by 3-year correlation. On 12-month performance RYN holds a 6.9-point edge, -20.0% against -13.1%.
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 RYN: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | RYN (Rayonier Inc. REIT) | |
|---|---|---|
| 1-year return | -20.0% | -13.1% |
| 5-year return | +168.3% | -23.3% |
| Volatility (ann.) | 35.1% | 25.6% |
| Beta vs S&P 500 | 0.51 | 0.57 |
| Max drawdown (3Y) | -28.7% | -31.5% |
| Market cap | $1.7B | $6.2B |
| P/E (trailing) | 16.0 | 44.8 |
| Dividend yield | 0.00% | 5.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | RYN |
|---|---|---|
| 2022 | -12.7% | -15.8% |
| 2023 | +37.1% | +5.8% |
| 2024 | +0.3% | -14.0% |
| 2025 | +42.8% | -8.0% |
| 2026 | -6.9% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and RYN good diversifiers for each other?
Reasonably. At 0.41, ANIP and RYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANIP and RYN?
As of 2026-08-27, the correlation of weekly returns between ANIP and RYN is 0.41 over 3 years, 0.25 over 1 year and 0.39 over 5 years.
Is RYN a good diversifier for ANIP?
Reasonably. At 0.41, ANIP and RYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anip-vs-ryn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anip-vs-ryn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANIP correlations · RYN correlations
