ATEX vs NIVF: Correlation
How closely do Anterix Inc. (ATEX) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEX and NIVF?
On 3 years of weekly data the ATEX/NIVF correlation comes out at 0.43, moderate. The past 12 months show a weaker link (-0.20) than the 3-year average (0.43). The 5-year figure is 0.39, and annualized covariance runs at 19922.4 %².
In ATEX's tracked universe of 11 assets, NIVF sits right near the top at #2. The last year tells two different stories: ATEX led by 400.4 percentage points, +300.5% for ATEX against -99.9% for NIVF. One caveat on sizing: NIVF is 13.8 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.
ATEX vs NIVF: side by side
| ATEX (Anterix Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | +300.5% | -99.9% |
| 5-year return | +66.1% | -100.0% |
| Volatility (ann.) | 57.8% | 800.3% |
| Beta vs S&P 500 | 0.47 | 5.34 |
| Max drawdown (3Y) | -57.3% | -100.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | 27.1 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEX | NIVF |
|---|---|---|
| 2022 | -45.3% | – |
| 2023 | +3.6% | +6.9% |
| 2024 | -8.0% | -96.3% |
| 2025 | -28.8% | -99.3% |
| 2026 | +333.7% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEX and NIVF good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATEX and NIVF?
As of 2026-08-27, the correlation of weekly returns between ATEX and NIVF is 0.43 over 3 years, -0.20 over 1 year and 0.39 over 5 years.
Is NIVF a good diversifier for ATEX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: ATEX correlations · NIVF correlations
