AMCI vs NCRA: Correlation
AMC Robotics Corporation (AMCI) and Nocera, Inc. (NCRA) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and NCRA?
Over the past 3 years, AMCI and NCRA moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3475.7 %².
By 3-year correlation, NCRA places #12 of the 20 assets tracked against AMCI. Their recent paths diverged sharply: over the last 12 months AMCI outperformed by 29.9 percentage points (-66.2% for AMCI against -96.1% for NCRA). Note the risk asymmetry: AMCI runs 1.8 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.
AMCI vs NCRA: side by side
| AMCI (AMC Robotics Corporation) | NCRA (Nocera, Inc.) | |
|---|---|---|
| 1-year return | -66.2% | -96.1% |
| 5-year return | n/a | -99.1% |
| Volatility (ann.) | 168.1% | 92.8% |
| Beta vs S&P 500 | 0.40 | 1.42 |
| Max drawdown (3Y) | -87.8% | -97.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | NCRA |
|---|---|---|
| 2022 | – | -85.8% |
| 2023 | – | +3.1% |
| 2024 | +6.4% | -35.9% |
| 2025 | -30.6% | +0.4% |
| 2026 | -48.8% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and NCRA good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCI and NCRA?
The AMCI/NCRA correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NCRA a good diversifier for AMCI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/amci-vs-ncra.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amci-vs-ncra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCI correlations · NCRA correlations
