REPL vs TR: Correlation
Replimune Group, Inc. (REPL) and Tootsie Roll Industries, Inc. (TR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are REPL and TR?
Across a 3-year window, the weekly returns of REPL and TR correlate at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -930.0 %².
By 3-year correlation, TR places #18 of the 27 assets tracked against REPL. Their recent paths diverged sharply: over the last 12 months REPL outperformed by 178.0 percentage points (+182.1% for REPL against +4.1% for TR). Note the risk asymmetry: REPL runs 6.1 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.
REPL vs TR: side by side
| REPL (Replimune Group, Inc.) | TR (Tootsie Roll Industries, Inc.) | |
|---|---|---|
| 1-year return | +182.1% | +4.1% |
| 5-year return | -50.4% | +57.7% |
| Volatility (ann.) | 153.7% | 25.1% |
| Beta vs S&P 500 | 0.48 | 0.05 |
| Max drawdown (3Y) | -92.0% | -20.0% |
| Market cap | $1.5B | $3.1B |
| P/E (trailing) | – | 32.2 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | REPL | TR |
|---|---|---|
| 2022 | +0.4% | +22.3% |
| 2023 | -69.0% | -18.8% |
| 2024 | +43.7% | +1.4% |
| 2025 | -19.7% | +17.9% |
| 2026 | +60.5% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are REPL and TR good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between REPL and TR?
The REPL/TR correlation stands at -0.24 on a 3-year window (1 year: -0.32, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is TR a good diversifier for REPL?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/repl-vs-tr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: REPL correlations · TR correlations
