CME vs NVCT: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and Nuvectis Pharma, Inc. (NVCT) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and NVCT?
On 3 years of weekly data the CME/NVCT correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.25). The 5-year figure is -0.15, and annualized covariance runs at -521.1 %².
Among the 47 assets we track against CME, NVCT ranks #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NVCT outperformed by 270.7 percentage points (+8.1% for CME against +278.8% for NVCT). Note the risk asymmetry: NVCT runs 5.3 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.
CME vs NVCT: side by side
| CME (CME Group) | NVCT (Nuvectis Pharma, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | +278.8% |
| 5-year return | +73.9% | +675.1% |
| Volatility (ann.) | 20.0% | 105.8% |
| Beta vs S&P 500 | 0.12 | 0.97 |
| Max drawdown (3Y) | -31.1% | -69.5% |
| Market cap | $101.0B | $0.8B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | NVCT |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +31.3% | +11.2% |
| 2024 | +15.4% | -35.1% |
| 2025 | +19.8% | +39.6% |
| 2026 | +5.9% | +233.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and NVCT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CME and NVCT?
The CME/NVCT correlation stands at -0.25 on a 3-year window (1 year: -0.45, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is NVCT a good diversifier for CME?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: CME correlations · NVCT correlations
