DOGZ vs NMAD: Correlation
Measured on weekly returns over the past three years, Dogness (International) Corporation (DOGZ) and Nomad Power Solutions, Inc. (NMAD) 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 DOGZ and NMAD?
On 3 years of weekly data the DOGZ/NMAD 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 -0.13 versus -0.29 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -8784.8 %².
Out of 11 assets tracked against DOGZ, NMAD lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with NMAD ahead by 119.6 points (-90.4% versus +29.2%).
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.
DOGZ vs NMAD: side by side
| DOGZ (Dogness (International) Corporation) | NMAD (Nomad Power Solutions, Inc.) | |
|---|---|---|
| 1-year return | -90.4% | +29.2% |
| 5-year return | -97.9% | -80.2% |
| Volatility (ann.) | 153.8% | 197.9% |
| Beta vs S&P 500 | 0.09 | 0.82 |
| Max drawdown (3Y) | -98.5% | -80.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOGZ | NMAD |
|---|---|---|
| 2022 | -88.3% | -57.1% |
| 2023 | -74.0% | -53.9% |
| 2024 | +793.7% | -13.6% |
| 2025 | -76.7% | +93.6% |
| 2026 | -90.4% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOGZ and NMAD good diversifiers for each other?
Yes. With a correlation of -0.29, DOGZ and NMAD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DOGZ and NMAD?
As of 2026-08-27, the correlation of weekly returns between DOGZ and NMAD is -0.29 over 3 years, -0.13 over 1 year and -0.25 over 5 years.
Is NMAD a good diversifier for DOGZ?
Yes. With a correlation of -0.29, DOGZ and NMAD 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/dogz-vs-nmad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dogz-vs-nmad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOGZ correlations · NMAD correlations
