ATCH vs NOMD: Correlation
Measured on weekly returns over the past three years, AtlasClear Holdings, Inc. (ATCH) and Nomad Foods Limited (NOMD) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATCH and NOMD?
On 3 years of weekly data the ATCH/NOMD correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.20, and annualized covariance runs at -1121.4 %².
Among the 10 assets we track against ATCH, NOMD sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ATCH outperformed by 17.2 percentage points (-1.0% for ATCH against -18.2% for NOMD). One caveat on sizing: ATCH is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATCH vs NOMD: side by side
| ATCH (AtlasClear Holdings, Inc.) | NOMD (Nomad Foods Limited) | |
|---|---|---|
| 1-year return | -1.0% | -18.2% |
| 5-year return | -100.0% | -48.6% |
| Volatility (ann.) | 149.4% | 27.7% |
| Beta vs S&P 500 | 2.52 | 0.16 |
| Max drawdown (3Y) | -100.0% | -52.8% |
| Market cap | – | – |
| P/E (trailing) | – | 12.0 |
| Dividend yield | 0.00% | 4.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATCH | NOMD |
|---|---|---|
| 2022 | +1.6% | -32.1% |
| 2023 | -38.3% | -1.7% |
| 2024 | -97.4% | +2.4% |
| 2025 | -97.4% | -22.1% |
| 2026 | -23.9% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATCH and NOMD good diversifiers for each other?
Yes. With a correlation of -0.27, ATCH and NOMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATCH and NOMD?
The ATCH/NOMD correlation stands at -0.27 on a 3-year window (1 year: -0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is NOMD a good diversifier for ATCH?
Yes. With a correlation of -0.27, ATCH and NOMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/atch-vs-nomd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atch-vs-nomd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATCH correlations · NOMD correlations
