HAE vs VISN: Correlation
How closely do Haemonetics Corporation (HAE) and Vistance Networks, Inc. (VISN) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAE and VISN?
Across a 3-year window, the weekly returns of HAE and VISN correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.11, with an annualized covariance of -1119.1 %².
VISN is close to the least connected end of HAE's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months HAE outperformed by 43.0 percentage points (+90.8% for HAE against +47.8% for VISN). Note the risk asymmetry: VISN runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VISN: side by side
| HAE (Haemonetics Corporation) | VISN (Vistance Networks, Inc.) | |
|---|---|---|
| 1-year return | +90.8% | +47.8% |
| 5-year return | +69.8% | +50.2% |
| Volatility (ann.) | 46.1% | 105.2% |
| Beta vs S&P 500 | 0.53 | 1.73 |
| Max drawdown (3Y) | -51.0% | -76.6% |
| Market cap | $4.8B | $2.7B |
| P/E (trailing) | 51.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | VISN |
|---|---|---|
| 2022 | +48.3% | -33.4% |
| 2023 | +8.7% | -61.6% |
| 2024 | -8.7% | +84.8% |
| 2025 | +2.7% | +248.0% |
| 2026 | +31.0% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and VISN good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAE and VISN?
The HAE/VISN correlation stands at -0.23 on a 3-year window (1 year: -0.04, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is VISN a good diversifier for HAE?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/hae-vs-visn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hae-vs-visn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAE correlations · VISN correlations
