CINF vs NRXP: Correlation
Cincinnati Financial (CINF) and NRX Pharmaceuticals, Inc. (NRXP) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and NRXP?
Over the past 3 years, CINF and NRXP moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -556.7 %².
Among the 49 assets we track against CINF, NRXP sits near the bottom by co-movement, at rank #45. Their recent paths diverged sharply: over the last 12 months NRXP outperformed by 25.8 percentage points (+14.5% for CINF against +40.3% for NRXP). Note the risk asymmetry: NRXP runs 5.2 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.
CINF vs NRXP: side by side
| CINF (Cincinnati Financial) | NRXP (NRX Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +14.5% | +40.3% |
| 5-year return | +58.8% | -97.5% |
| Volatility (ann.) | 21.6% | 112.5% |
| Beta vs S&P 500 | 0.36 | 1.30 |
| Max drawdown (3Y) | -20.0% | -83.5% |
| Market cap | $26.5B | $0.2B |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | NRXP |
|---|---|---|
| 2022 | -7.9% | -76.8% |
| 2023 | +4.0% | -58.6% |
| 2024 | +42.5% | -52.2% |
| 2025 | +16.3% | +23.2% |
| 2026 | +6.8% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and NRXP good diversifiers for each other?
Yes. With a correlation of -0.23, CINF and NRXP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CINF and NRXP?
As of 2026-08-27, the correlation of weekly returns between CINF and NRXP is -0.23 over 3 years, -0.32 over 1 year and -0.15 over 5 years.
Is NRXP a good diversifier for CINF?
Yes. With a correlation of -0.23, CINF and NRXP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/cinf-vs-nrxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cinf-vs-nrxp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CINF correlations · NRXP correlations
