AEC vs NOMD: Correlation
Anfield Energy Inc. (AEC) and Nomad Foods Limited (NOMD) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEC and NOMD?
Over the past 3 years, AEC and NOMD moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -777.6 %².
Among the 11 assets we track against AEC, NOMD sits near the bottom by co-movement, at rank #11. Over the last 12 months AEC came out ahead by 7.2 percentage points (-11.0% against -18.2%). Note the risk asymmetry: AEC runs 3.7 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.
AEC vs NOMD: side by side
| AEC (Anfield Energy Inc.) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -11.0% | -18.2% |
| 5-year return | -37.7% | -48.6% |
| Volatility (ann.) | 102.5% | 27.7% |
| Beta vs S&P 500 | 1.85 | 0.16 |
| Max drawdown (3Y) | -65.7% | -52.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.00% | 4.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEC | NOMD |
|---|---|---|
| 2022 | -50.0% | -32.1% |
| 2023 | +50.0% | -1.7% |
| 2024 | +0.0% | +2.4% |
| 2025 | +14.0% | -22.1% |
| 2026 | -9.0% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEC and NOMD good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEC and NOMD?
As of 2026-08-27, the correlation of weekly returns between AEC and NOMD is -0.27 over 3 years, -0.35 over 1 year and -0.17 over 5 years.
Is NOMD a good diversifier for AEC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/aec-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aec-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEC correlations · NOMD correlations
