HAE vs NHTC: Correlation
Measured on weekly returns over the past three years, Haemonetics Corporation (HAE) and Natural Health Trends Corp. (NHTC) 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 HAE and NHTC?
On 3 years of weekly data the HAE/NHTC correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.27 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -505.2 %².
Out of 12 assets tracked against HAE, NHTC lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with HAE ahead by 147.0 points (+90.8% versus -56.2%).
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.
HAE vs NHTC: side by side
| HAE (Haemonetics Corporation) | NHTC (Natural Health Trends Corp.) | |
|---|---|---|
| 1-year return | +90.8% | -56.2% |
| 5-year return | +69.8% | -50.8% |
| Volatility (ann.) | 46.1% | 40.5% |
| Beta vs S&P 500 | 0.53 | 0.59 |
| Max drawdown (3Y) | -51.0% | -71.7% |
| Market cap | $4.8B | – |
| P/E (trailing) | 51.5 | – |
| Dividend yield | 0.00% | 35.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | NHTC |
|---|---|---|
| 2022 | +48.3% | -42.1% |
| 2023 | +8.7% | +96.2% |
| 2024 | -8.7% | -11.5% |
| 2025 | +2.7% | -20.5% |
| 2026 | +31.0% | -41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and NHTC good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAE and NHTC?
As of 2026-08-27, the correlation of weekly returns between HAE and NHTC is -0.27 over 3 years, -0.48 over 1 year and -0.13 over 5 years.
Is NHTC a good diversifier for HAE?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
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/hae-vs-nhtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hae-vs-nhtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAE correlations · NHTC correlations
