BIOX vs NCNO: Correlation
Bioceres Crop Solutions Corp. (BIOX) and nCino, Inc. (NCNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIOX and NCNO?
On 3 years of weekly data the BIOX/NCNO correlation comes out at 0.33, moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.33). The 5-year figure is 0.31, and annualized covariance runs at 1054.5 %².
Few assets follow BIOX as closely as NCNO, which ranks #3 of 10 tracked partners. The last year tells two different stories: NCNO led by 56.3 percentage points, -85.0% for BIOX against -28.7% for NCNO.
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.
BIOX vs NCNO: side by side
| BIOX (Bioceres Crop Solutions Corp.) | NCNO (nCino, Inc.) | |
|---|---|---|
| 1-year return | -85.0% | -28.7% |
| 5-year return | -97.0% | -62.7% |
| Volatility (ann.) | 67.6% | 46.7% |
| Beta vs S&P 500 | 0.97 | 1.44 |
| Max drawdown (3Y) | -97.7% | -67.1% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 68.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIOX | NCNO |
|---|---|---|
| 2022 | -14.9% | -51.8% |
| 2023 | +14.1% | +27.2% |
| 2024 | -55.7% | -0.1% |
| 2025 | -78.5% | -23.6% |
| 2026 | -69.2% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIOX and NCNO good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIOX and NCNO?
The BIOX/NCNO correlation stands at 0.33 on a 3-year window (1 year: 0.45, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is NCNO a good diversifier for BIOX?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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/biox-vs-ncno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/biox-vs-ncno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIOX correlations · NCNO correlations
