APPN vs HAE: Correlation
Appian Corporation (APPN) and Haemonetics Corporation (HAE) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPN and HAE?
Over the past 3 years, APPN and HAE moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.44). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1121.2 %².
Among the 13 assets we track against APPN, HAE ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAE outperformed by 50.5 percentage points (+40.3% for APPN against +90.8% for HAE).
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.
APPN vs HAE: side by side
| APPN (Appian Corporation) | HAE (Haemonetics Corporation) | |
|---|---|---|
| 1-year return | +40.3% | +90.8% |
| 5-year return | -61.6% | +69.8% |
| Volatility (ann.) | 55.0% | 46.1% |
| Beta vs S&P 500 | 1.18 | 0.53 |
| Max drawdown (3Y) | -64.0% | -51.0% |
| Market cap | $3.0B | $4.8B |
| P/E (trailing) | – | 51.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPN | HAE |
|---|---|---|
| 2022 | -50.1% | +48.3% |
| 2023 | +15.7% | +8.7% |
| 2024 | -12.4% | -8.7% |
| 2025 | +7.4% | +2.7% |
| 2026 | +16.9% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPN and HAE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APPN and HAE?
The APPN/HAE correlation stands at 0.44 on a 3-year window (1 year: 0.64, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is HAE a good diversifier for APPN?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined 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.
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Related comparisons
Hubs: APPN correlations · HAE correlations
