HAE vs RAMP: Correlation
Haemonetics Corporation (HAE) and LiveRamp Holdings, Inc. (RAMP) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAE and RAMP?
On 3 years of weekly data the HAE/RAMP correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 843.1 %².
In HAE's tracked universe of 12 assets, RAMP sits right near the top at #3. Correlation aside, the last 12 months split them widely, with HAE ahead by 52.7 points (+90.8% versus +38.1%).
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 RAMP: side by side
| HAE (Haemonetics Corporation) | RAMP (LiveRamp Holdings, Inc.) | |
|---|---|---|
| 1-year return | +90.8% | +38.1% |
| 5-year return | +69.8% | -22.9% |
| Volatility (ann.) | 46.1% | 40.4% |
| Beta vs S&P 500 | 0.53 | 1.07 |
| Max drawdown (3Y) | -51.0% | -48.2% |
| Market cap | $4.8B | $2.3B |
| P/E (trailing) | 51.5 | 15.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | RAMP |
|---|---|---|
| 2022 | +48.3% | -51.1% |
| 2023 | +8.7% | +61.6% |
| 2024 | -8.7% | -19.8% |
| 2025 | +2.7% | -3.3% |
| 2026 | +31.0% | +28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and RAMP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HAE and RAMP?
As of 2026-08-27, the correlation of weekly returns between HAE and RAMP is 0.45 over 3 years, 0.51 over 1 year and 0.35 over 5 years.
Is RAMP a good diversifier for HAE?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
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Related comparisons
Hubs: HAE correlations · RAMP correlations
