CRNT vs NIVF: Correlation
Measured on weekly returns over the past three years, Ceragon Networks Ltd. (CRNT) and NewGenIvf Group Limited - Class A (NIVF) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNT and NIVF?
Across a 3-year window, the weekly returns of CRNT and NIVF correlate at -0.33, 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 -0.33 over 3 years. Stretching to 5 years gives -0.29, with an annualized covariance of -14096.6 %².
Out of 11 assets tracked against CRNT, NIVF lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CRNT ahead by 106.4 points (+6.5% versus -99.9%). Note the risk asymmetry: NIVF runs 15.1 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.
CRNT vs NIVF: side by side
| CRNT (Ceragon Networks Ltd.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | +6.5% | -99.9% |
| 5-year return | -45.0% | -100.0% |
| Volatility (ann.) | 52.9% | 800.3% |
| Beta vs S&P 500 | 1.19 | 5.34 |
| Max drawdown (3Y) | -66.4% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNT | NIVF |
|---|---|---|
| 2022 | -26.0% | – |
| 2023 | +13.1% | +6.9% |
| 2024 | +116.2% | -96.3% |
| 2025 | -55.0% | -99.3% |
| 2026 | +1.9% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNT and NIVF good diversifiers for each other?
Yes. With a correlation of -0.33, CRNT and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRNT and NIVF?
As of 2026-08-27, the correlation of weekly returns between CRNT and NIVF is -0.33 over 3 years, 0.09 over 1 year and -0.29 over 5 years.
Is NIVF a good diversifier for CRNT?
Yes. With a correlation of -0.33, CRNT and NIVF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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: CRNT correlations · NIVF correlations
