ALOY vs NTRB: Correlation
REalloys Inc. (ALOY) and Nutriband Inc. (NTRB) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOY and NTRB?
On 3 years of weekly data the ALOY/NTRB correlation comes out at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.41). The 5-year figure is 0.30, and annualized covariance runs at 5472.1 %².
In ALOY's tracked universe of 11 assets, NTRB sits right near the top at #2. The last year tells two different stories: ALOY led by 127.9 percentage points, +100.0% for ALOY against -27.9% for NTRB.
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.
ALOY vs NTRB: side by side
| ALOY (REalloys Inc.) | NTRB (Nutriband Inc.) | |
|---|---|---|
| 1-year return | +100.0% | -27.9% |
| 5-year return | -4.5% | -19.5% |
| Volatility (ann.) | 125.1% | 106.0% |
| Beta vs S&P 500 | 1.27 | 1.25 |
| Max drawdown (3Y) | -72.9% | -73.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOY | NTRB |
|---|---|---|
| 2022 | -91.6% | -58.3% |
| 2023 | +135.0% | -35.6% |
| 2024 | -22.0% | +103.0% |
| 2025 | +268.0% | -3.6% |
| 2026 | +41.1% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOY and NTRB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALOY and NTRB?
As of 2026-08-27, the correlation of weekly returns between ALOY and NTRB is 0.41 over 3 years, 0.16 over 1 year and 0.30 over 5 years.
Is NTRB a good diversifier for ALOY?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/aloy-vs-ntrb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aloy-vs-ntrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALOY correlations · NTRB correlations
