BTCT vs NVCT: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Nuvectis Pharma, Inc. (NVCT) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and NVCT?
Across a 3-year window, the weekly returns of BTCT and NVCT correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.29 over 3 years. Stretching to 5 years gives -0.21, with an annualized covariance of -17642.6 %².
By 3-year correlation, NVCT places #40 of the 52 assets tracked against BTCT. The last year tells two different stories: NVCT led by 299.0 percentage points, -20.2% for BTCT against +278.8% for NVCT. Note the risk asymmetry: BTCT runs 5.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTCT vs NVCT: side by side
| BTCT (BTC Digital Ltd.) | NVCT (Nuvectis Pharma, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | +278.8% |
| 5-year return | -99.5% | +675.1% |
| Volatility (ann.) | 571.6% | 105.8% |
| Beta vs S&P 500 | -2.21 | 0.97 |
| Max drawdown (3Y) | -97.8% | -69.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | NVCT |
|---|---|---|
| 2022 | -97.6% | – |
| 2023 | +33.9% | +11.2% |
| 2024 | -0.8% | -35.1% |
| 2025 | -72.8% | +39.6% |
| 2026 | +61.5% | +233.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and NVCT good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCT and NVCT?
The BTCT/NVCT correlation stands at -0.29 on a 3-year window (1 year: -0.04, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is NVCT a good diversifier for BTCT?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 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/btct-vs-nvct.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-nvct/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTCT correlations · NVCT correlations
