AZTA vs CRL: Correlation
Measured on weekly returns over the past three years, Azenta, Inc. (AZTA) and Charles River Laboratories (CRL) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZTA and CRL?
Over the past 3 years, AZTA and CRL moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1436.1 %².
In AZTA's tracked universe of 16 assets, CRL sits right near the top at #2. The last year tells two different stories: CRL led by 70.8 percentage points, +11.3% for AZTA against +82.1% for CRL.
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.
AZTA vs CRL: side by side
| AZTA (Azenta, Inc.) | CRL (Charles River Laboratories) | |
|---|---|---|
| 1-year return | +11.3% | +82.1% |
| 5-year return | -60.4% | -33.3% |
| Volatility (ann.) | 51.4% | 47.9% |
| Beta vs S&P 500 | 1.08 | 0.92 |
| Max drawdown (3Y) | -76.3% | -63.5% |
| Market cap | $1.5B | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AZTA | CRL |
|---|---|---|
| 2022 | -43.5% | -42.2% |
| 2023 | +11.9% | +8.5% |
| 2024 | -23.2% | -21.9% |
| 2025 | -33.5% | +8.1% |
| 2026 | +1.1% | +48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZTA and CRL good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AZTA and CRL?
As of 2026-08-27, the correlation of weekly returns between AZTA and CRL is 0.58 over 3 years, 0.58 over 1 year and 0.52 over 5 years.
Is CRL a good diversifier for AZTA?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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/azta-vs-crl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/azta-vs-crl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AZTA correlations · CRL correlations
