NEOG vs TTC: Correlation
How closely do Neogen Corporation (NEOG) and Toro Company (The) (TTC) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEOG and TTC?
Over the past 3 years, NEOG and TTC moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 817.0 %².
Within NEOG's tracked universe of 13 assets, TTC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NEOG ahead by 81.7 points (+104.5% versus +22.8%). Note the risk asymmetry: NEOG runs 1.9 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.
NEOG vs TTC: side by side
| NEOG (Neogen Corporation) | TTC (Toro Company (The)) | |
|---|---|---|
| 1-year return | +104.5% | +22.8% |
| 5-year return | -73.2% | -3.5% |
| Volatility (ann.) | 57.8% | 31.1% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -81.2% | -36.9% |
| Market cap | $2.6B | – |
| P/E (trailing) | – | 28.9 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEOG | TTC |
|---|---|---|
| 2022 | -66.5% | +14.9% |
| 2023 | +32.0% | -14.0% |
| 2024 | -39.6% | -15.2% |
| 2025 | -42.4% | +0.3% |
| 2026 | +68.0% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEOG and TTC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEOG and TTC?
The NEOG/TTC correlation stands at 0.45 on a 3-year window (1 year: 0.41, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TTC a good diversifier for NEOG?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/neog-vs-ttc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/neog-vs-ttc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEOG correlations · TTC correlations
