BULL vs NEOG: Correlation
Webull Corporation - Class A (BULL) and Neogen Corporation (NEOG) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and NEOG?
On 3 years of weekly data the BULL/NEOG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.24 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -1120.0 %².
Among the 16 assets we track against BULL, NEOG sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with NEOG ahead by 138.2 points (-33.7% versus +104.5%).
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.
BULL vs NEOG: side by side
| BULL (Webull Corporation - Class A) | NEOG (Neogen Corporation) | |
|---|---|---|
| 1-year return | -33.7% | +104.5% |
| 5-year return | n/a | -73.2% |
| Volatility (ann.) | 80.3% | 57.8% |
| Beta vs S&P 500 | 0.42 | 1.11 |
| Max drawdown (3Y) | -92.6% | -81.2% |
| Market cap | $5.1B | $2.6B |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | NEOG |
|---|---|---|
| 2022 | – | -66.5% |
| 2023 | +6.3% | +32.0% |
| 2024 | +7.4% | -39.6% |
| 2025 | -33.2% | -42.4% |
| 2026 | +23.2% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and NEOG good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BULL and NEOG?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.03 over the last year and -0.21 over 5 years.
Is NEOG a good diversifier for BULL?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/bull-vs-neog.json
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Related comparisons
Hubs: BULL correlations · NEOG correlations
