BOW vs NRSN: Correlation
Measured on weekly returns over the past three years, Bowhead Specialty Holdings Inc. (BOW) and NeuroSense Therapeutics Ltd. (NRSN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOW and NRSN?
Across a 3-year window, the weekly returns of BOW and NRSN correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.22 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -738.8 %².
Within BOW's tracked universe of 16 assets, NRSN comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BOW outperformed by 67.8 percentage points (+7.0% for BOW against -60.8% for NRSN). Risk is not evenly split, since NRSN carries 3.4 times the volatility of the other side.
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.
BOW vs NRSN: side by side
| BOW (Bowhead Specialty Holdings Inc.) | NRSN (NeuroSense Therapeutics Ltd.) | |
|---|---|---|
| 1-year return | +7.0% | -60.8% |
| 5-year return | n/a | -89.1% |
| Volatility (ann.) | 34.6% | 118.6% |
| Beta vs S&P 500 | 0.37 | 1.68 |
| Max drawdown (3Y) | -49.1% | -85.9% |
| Market cap | $1.1B | – |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOW | NRSN |
|---|---|---|
| 2022 | – | -50.4% |
| 2023 | – | -35.7% |
| 2024 | – | +52.9% |
| 2025 | -19.7% | -35.9% |
| 2026 | +17.7% | -42.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOW and NRSN good diversifiers for each other?
Yes. With a correlation of -0.22, BOW and NRSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BOW and NRSN?
As of 2026-08-27, the correlation of weekly returns between BOW and NRSN is -0.22 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is NRSN a good diversifier for BOW?
Yes. With a correlation of -0.22, BOW and NRSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/bow-vs-nrsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bow-vs-nrsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOW correlations · NRSN correlations
