CRL vs NEOG: Correlation
Measured on weekly returns over the past three years, Charles River Laboratories (CRL) and Neogen Corporation (NEOG) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and NEOG?
On 3 years of weekly data the CRL/NEOG correlation comes out at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.47 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 1290.7 %².
Within CRL's tracked universe of 33 assets, NEOG comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEOG outperformed by 22.4 percentage points (+82.1% for CRL against +104.5% for NEOG).
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.
CRL vs NEOG: side by side
| CRL (Charles River Laboratories) | NEOG (Neogen Corporation) | |
|---|---|---|
| 1-year return | +82.1% | +104.5% |
| 5-year return | -33.3% | -73.2% |
| Volatility (ann.) | 47.9% | 57.8% |
| Beta vs S&P 500 | 0.92 | 1.11 |
| Max drawdown (3Y) | -63.5% | -81.2% |
| Market cap | $14.3B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CRL | NEOG |
|---|---|---|
| 2022 | -42.2% | -66.5% |
| 2023 | +8.5% | +32.0% |
| 2024 | -21.9% | -39.6% |
| 2025 | +8.1% | -42.4% |
| 2026 | +48.6% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and NEOG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRL and NEOG?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.27 over the last year and 0.48 over 5 years.
Is NEOG a good diversifier for CRL?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crl-vs-neog.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crl-vs-neog/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRL correlations · NEOG correlations
