DFTX vs NVCT: Correlation
Definium Therapeutics, Inc. (DFTX) and Nuvectis Pharma, Inc. (NVCT) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFTX and NVCT?
Across a 3-year window, the weekly returns of DFTX and NVCT correlate at 0.55, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.55). Stretching to 5 years gives 0.37, with an annualized covariance of 5246.0 %².
Few assets follow DFTX as closely as NVCT, which ranks #1 of 17 tracked partners. Their recent paths diverged sharply: over the last 12 months DFTX outperformed by 66.1 percentage points (+344.9% for DFTX against +278.8% for NVCT).
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.
DFTX vs NVCT: side by side
| DFTX (Definium Therapeutics, Inc.) | NVCT (Nuvectis Pharma, Inc.) | |
|---|---|---|
| 1-year return | +344.9% | +278.8% |
| 5-year return | +4.7% | +675.1% |
| Volatility (ann.) | 90.9% | 105.8% |
| Beta vs S&P 500 | 1.35 | 0.97 |
| Max drawdown (3Y) | -58.4% | -69.5% |
| Market cap | $5.9B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFTX | NVCT |
|---|---|---|
| 2022 | -89.4% | – |
| 2023 | +66.4% | +11.2% |
| 2024 | +90.2% | -35.1% |
| 2025 | +92.4% | +39.6% |
| 2026 | +227.3% | +233.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFTX and NVCT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DFTX and NVCT?
As of 2026-08-27, the correlation of weekly returns between DFTX and NVCT is 0.55 over 3 years, 0.69 over 1 year and 0.37 over 5 years.
Is NVCT a good diversifier for DFTX?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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: DFTX correlations · NVCT correlations
