ATOM vs NCI: Correlation
Measured on weekly returns over the past three years, Atomera Incorporated (ATOM) and Neo-Concept International Group Holdings Limited - Class A (NCI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOM and NCI?
On 3 years of weekly data the ATOM/NCI correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.38). The 5-year figure is n/a, and annualized covariance runs at 8941.2 %².
NCI is one of the assets that tracks ATOM most closely: it ranks #3 out of the 12 assets we track against ATOM. Their recent paths diverged sharply: over the last 12 months ATOM outperformed by 37.7 percentage points (+31.9% for ATOM against -5.8% for NCI). One caveat on sizing: NCI is 1.6 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.
ATOM vs NCI: side by side
| ATOM (Atomera Incorporated) | NCI (Neo-Concept International Group Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +31.9% | -5.8% |
| 5-year return | -81.4% | n/a |
| Volatility (ann.) | 117.4% | 184.4% |
| Beta vs S&P 500 | 1.78 | -0.24 |
| Max drawdown (3Y) | -88.0% | -99.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 154.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATOM | NCI |
|---|---|---|
| 2022 | -69.1% | – |
| 2023 | +12.7% | – |
| 2024 | +65.5% | – |
| 2025 | -80.9% | -65.8% |
| 2026 | +102.3% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOM and NCI good diversifiers for each other?
Reasonably. At 0.38, ATOM and NCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATOM and NCI?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is NCI a good diversifier for ATOM?
Reasonably. At 0.38, ATOM and NCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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
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Related comparisons
Hubs: ATOM correlations · NCI correlations
