HCTI vs REPL: Correlation
Measured on weekly returns over the past three years, Healthcare Triangle, Inc. (HCTI) and Replimune Group, Inc. (REPL) 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 HCTI and REPL?
Over the past 3 years, HCTI and REPL moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -9875.4 %².
REPL is close to the least connected end of HCTI's tracked universe, ranking #13 of 15. Their recent paths diverged sharply: over the last 12 months REPL outperformed by 281.6 percentage points (-99.5% for HCTI against +182.1% for REPL). One caveat on sizing: HCTI is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HCTI vs REPL: side by side
| HCTI (Healthcare Triangle, Inc.) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | +182.1% |
| 5-year return | -100.0% | -50.4% |
| Volatility (ann.) | 249.0% | 153.7% |
| Beta vs S&P 500 | 0.19 | 0.48 |
| Max drawdown (3Y) | -100.0% | -92.0% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCTI | REPL |
|---|---|---|
| 2022 | -90.1% | +0.4% |
| 2023 | +52.5% | -69.0% |
| 2024 | -64.1% | +43.7% |
| 2025 | -99.7% | -19.7% |
| 2026 | -97.8% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and REPL good diversifiers for each other?
Yes. With a correlation of -0.26, HCTI and REPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HCTI and REPL?
As of 2026-08-27, the correlation of weekly returns between HCTI and REPL is -0.26 over 3 years, 0.06 over 1 year and -0.21 over 5 years.
Is REPL a good diversifier for HCTI?
Yes. With a correlation of -0.26, HCTI and REPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/hcti-vs-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hcti-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCTI correlations · REPL correlations
