CIRC vs NPCE: Correlation
Measured on weekly returns over the past three years, Circle8 Group, Inc. (CIRC) and Neuropace, Inc. (NPCE) 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 CIRC and NPCE?
On 3 years of weekly data the CIRC/NPCE correlation comes out 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. The 5-year figure is -0.08, and annualized covariance runs at -4243.4 %².
NPCE is close to the least connected end of CIRC's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with NPCE ahead by 142.6 points (-83.5% versus +59.1%). One caveat on sizing: CIRC is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CIRC vs NPCE: side by side
| CIRC (Circle8 Group, Inc.) | NPCE (Neuropace, Inc.) | |
|---|---|---|
| 1-year return | -83.5% | +59.1% |
| 5-year return | -99.7% | -32.7% |
| Volatility (ann.) | 207.6% | 69.9% |
| Beta vs S&P 500 | -0.24 | 0.85 |
| Max drawdown (3Y) | -98.0% | -66.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIRC | NPCE |
|---|---|---|
| 2022 | -84.4% | -85.2% |
| 2023 | -64.5% | +591.9% |
| 2024 | +18.2% | +8.5% |
| 2025 | -72.7% | +38.0% |
| 2026 | -46.8% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIRC and NPCE good diversifiers for each other?
Yes. With a correlation of -0.29, CIRC and NPCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIRC and NPCE?
The CIRC/NPCE correlation stands at -0.29 on a 3-year window (1 year: -0.04, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is NPCE a good diversifier for CIRC?
Yes. With a correlation of -0.29, CIRC and NPCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/circ-vs-npce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/circ-vs-npce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CIRC correlations · NPCE correlations
