BCTX vs NWTG: Correlation
Measured on weekly returns over the past three years, BriaCell Therapeutics Corp. (BCTX) and Newton Golf Company, Inc. (NWTG) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and NWTG?
On 3 years of weekly data the BCTX/NWTG correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 35982.6 %².
Within BCTX's tracked universe of 31 assets, NWTG comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NWTG ahead by 18.6 points (-51.2% versus -32.6%). One caveat on sizing: BCTX is 4.8 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.
BCTX vs NWTG: side by side
| BCTX (BriaCell Therapeutics Corp.) | NWTG (Newton Golf Company, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | -32.6% |
| 5-year return | -94.5% | n/a |
| Volatility (ann.) | 676.8% | 142.1% |
| Beta vs S&P 500 | -1.17 | 0.76 |
| Max drawdown (3Y) | -96.3% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCTX | NWTG |
|---|---|---|
| 2022 | -47.2% | – |
| 2023 | +33.9% | – |
| 2024 | -90.4% | -93.9% |
| 2025 | +27.0% | -88.1% |
| 2026 | -47.8% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and NWTG good diversifiers for each other?
Reasonably. At 0.37, BCTX and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCTX and NWTG?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is NWTG a good diversifier for BCTX?
Reasonably. At 0.37, BCTX and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: BCTX correlations · NWTG correlations
