ALLT vs NGEN: Correlation
How closely do Allot Ltd. (ALLT) and NervGen Pharma Corp. (NGEN) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLT and NGEN?
Over the past 3 years, ALLT and NGEN moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 1444.5 %².
Out of 12 assets tracked against ALLT, NGEN lands near the bottom at #9. Over the last 12 months ALLT came out ahead by 5.6 percentage points (+2.5% against -3.1%).
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.
ALLT vs NGEN: side by side
| ALLT (Allot Ltd.) | NGEN (NervGen Pharma Corp.) | |
|---|---|---|
| 1-year return | +2.5% | -3.1% |
| 5-year return | -52.5% | +44.1% |
| Volatility (ann.) | 61.6% | 84.7% |
| Beta vs S&P 500 | 1.39 | 0.57 |
| Max drawdown (3Y) | -49.1% | -73.4% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLT | NGEN |
|---|---|---|
| 2022 | -71.0% | -44.1% |
| 2023 | -52.0% | +71.4% |
| 2024 | +260.6% | +6.9% |
| 2025 | +65.2% | +156.9% |
| 2026 | -19.3% | -58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and NGEN good diversifiers for each other?
Reasonably. At 0.28, ALLT and NGEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALLT and NGEN?
As of 2026-08-27, the correlation of weekly returns between ALLT and NGEN is 0.28 over 3 years, 0.24 over 1 year and 0.20 over 5 years.
Is NGEN a good diversifier for ALLT?
Reasonably. At 0.28, ALLT and NGEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/allt-vs-ngen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allt-vs-ngen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLT correlations · NGEN correlations
