RANI vs YHGJ: Correlation
Rani Therapeutics Holdings, Inc. (RANI) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RANI and YHGJ?
Across a 3-year window, the weekly returns of RANI and YHGJ correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.26 over 3 years. Stretching to 5 years gives -0.19, with an annualized covariance of -4102.5 %².
Out of 10 assets tracked against RANI, YHGJ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with RANI ahead by 96.6 points (+51.7% versus -44.9%). Note the risk asymmetry: RANI 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.
RANI vs YHGJ: side by side
| RANI (Rani Therapeutics Holdings, Inc.) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +51.7% | -44.9% |
| 5-year return | -95.2% | -85.6% |
| Volatility (ann.) | 174.6% | 90.5% |
| Beta vs S&P 500 | 1.62 | -0.69 |
| Max drawdown (3Y) | -94.8% | -91.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RANI | YHGJ |
|---|---|---|
| 2022 | -63.9% | -12.6% |
| 2023 | -43.7% | +105.8% |
| 2024 | -58.7% | -74.3% |
| 2025 | -1.5% | -34.0% |
| 2026 | -36.7% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RANI and YHGJ good diversifiers for each other?
Yes. With a correlation of -0.26, RANI and YHGJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between RANI and YHGJ?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.48 over the last year and -0.19 over 5 years.
Is YHGJ a good diversifier for RANI?
Yes. With a correlation of -0.26, RANI and YHGJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rani-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rani-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: RANI correlations · YHGJ correlations
