ANNA vs NEOG: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Neogen Corporation (NEOG) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and NEOG?
On 3 years of weekly data the ANNA/NEOG correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.27 over 3. The 5-year figure is -0.23, and annualized covariance runs at -1380.9 %².
Within ANNA's tracked universe of 103 assets, NEOG comes in at #93 by 3-year correlation. The last year tells two different stories: NEOG led by 138.8 percentage points, -34.3% for ANNA against +104.5% for NEOG. One caveat on sizing: ANNA is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANNA vs NEOG: side by side
| ANNA (AleAnna, Inc.) | NEOG (Neogen Corporation) | |
|---|---|---|
| 1-year return | -34.3% | +104.5% |
| 5-year return | -71.7% | -73.2% |
| Volatility (ann.) | 88.7% | 57.8% |
| Beta vs S&P 500 | -0.92 | 1.11 |
| Max drawdown (3Y) | -86.3% | -81.2% |
| Market cap | $0.1B | $2.6B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | NEOG |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | +7.3% | +32.0% |
| 2024 | -37.6% | -39.6% |
| 2025 | -57.6% | -42.4% |
| 2026 | -3.0% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and NEOG good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and NEOG?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.34 over the last year and -0.23 over 5 years.
Is NEOG a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/anna-vs-neog.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anna-vs-neog/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · NEOG correlations
