CAG vs NDRA: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and ENDRA Life Sciences Inc. (NDRA) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and NDRA?
Across a 3-year window, the weekly returns of CAG and NDRA correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.20 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -720.9 %².
Among the 34 assets we track against CAG, NDRA ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NDRA ahead by 41.3 points (-9.8% versus +31.5%). Risk is not evenly split, since NDRA carries 6.2 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.
CAG vs NDRA: side by side
| CAG (ConAgra Brands, Inc.) | NDRA (ENDRA Life Sciences Inc.) | |
|---|---|---|
| 1-year return | -9.8% | +31.5% |
| 5-year return | -36.6% | -100.0% |
| Volatility (ann.) | 24.2% | 150.8% |
| Beta vs S&P 500 | -0.05 | 1.41 |
| Max drawdown (3Y) | -56.7% | -99.9% |
| Market cap | $7.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAG | NDRA |
|---|---|---|
| 2022 | +17.5% | -70.6% |
| 2023 | -22.8% | -47.9% |
| 2024 | +1.5% | -99.8% |
| 2025 | -33.3% | -27.6% |
| 2026 | -2.1% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and NDRA good diversifiers for each other?
Yes. With a correlation of -0.20, CAG and NDRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CAG and NDRA?
The CAG/NDRA correlation stands at -0.20 on a 3-year window (1 year: -0.09, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is NDRA a good diversifier for CAG?
Yes. With a correlation of -0.20, CAG and NDRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/cag-vs-ndra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-ndra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAG correlations · NDRA correlations
