HAE vs REED: Correlation
Measured on weekly returns over the past three years, Haemonetics Corporation (HAE) and Reed's, Inc. (REED) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAE and REED?
On 3 years of weekly data the HAE/REED correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -1239.2 %².
REED is close to the least connected end of HAE's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with HAE ahead by 174.9 points (+90.8% versus -84.1%). Risk is not evenly split, since REED carries 2.3 times the volatility of the other side.
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 REED: side by side
| HAE (Haemonetics Corporation) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | +90.8% | -84.1% |
| 5-year return | +69.8% | -99.5% |
| Volatility (ann.) | 46.1% | 104.6% |
| Beta vs S&P 500 | 0.53 | -0.39 |
| Max drawdown (3Y) | -51.0% | -96.4% |
| Market cap | $4.8B | – |
| P/E (trailing) | 51.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | REED |
|---|---|---|
| 2022 | +48.3% | -80.6% |
| 2023 | +8.7% | -54.3% |
| 2024 | -8.7% | -60.6% |
| 2025 | +2.7% | -44.4% |
| 2026 | +31.0% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and REED good diversifiers for each other?
Yes. With a correlation of -0.26, HAE and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HAE and REED?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.25 over the last year and -0.11 over 5 years.
Is REED a good diversifier for HAE?
Yes. With a correlation of -0.26, HAE and REED have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hae-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAE correlations · REED correlations
