AFRI vs NXDR: Correlation
Forafric Global PLC (AFRI) and Nextdoor Holdings, Inc. (NXDR) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRI and NXDR?
Across a 3-year window, the weekly returns of AFRI and NXDR correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 411.9 %².
In AFRI's tracked universe of 11 assets, NXDR sits right near the top at #3. The trailing year gives AFRI the advantage: +24.4% versus +10.0%, a 14.4-point spread. Note the risk asymmetry: NXDR runs 2.5 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.
AFRI vs NXDR: side by side
| AFRI (Forafric Global PLC) | NXDR (Nextdoor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +10.0% |
| 5-year return | +9.0% | -82.2% |
| Volatility (ann.) | 21.7% | 54.0% |
| Beta vs S&P 500 | 0.33 | 1.65 |
| Max drawdown (3Y) | -34.3% | -53.6% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRI | NXDR |
|---|---|---|
| 2022 | +9.7% | -73.9% |
| 2023 | -4.6% | -8.3% |
| 2024 | -3.2% | +25.4% |
| 2025 | +7.6% | -11.4% |
| 2026 | -1.1% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRI and NXDR good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFRI and NXDR?
The AFRI/NXDR correlation stands at 0.35 on a 3-year window (1 year: 0.38, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is NXDR a good diversifier for AFRI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/afri-vs-nxdr.json
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Related comparisons
Hubs: AFRI correlations · NXDR correlations
