DOMH vs NWTG: Correlation
Dominari Holdings Inc. (DOMH) and Newton Golf Company, Inc. (NWTG) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOMH and NWTG?
Across a 3-year window, the weekly returns of DOMH and NWTG correlate at 0.46, moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 11871.1 %².
Within DOMH's tracked universe of 23 assets, NWTG comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NWTG ahead by 19.7 points (-52.3% versus -32.6%).
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.
DOMH vs NWTG: side by side
| DOMH (Dominari Holdings Inc.) | NWTG (Newton Golf Company, Inc.) | |
|---|---|---|
| 1-year return | -52.3% | -32.6% |
| 5-year return | -76.1% | n/a |
| Volatility (ann.) | 181.7% | 142.1% |
| Beta vs S&P 500 | 2.30 | 0.76 |
| Max drawdown (3Y) | -77.9% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOMH | NWTG |
|---|---|---|
| 2022 | -67.3% | – |
| 2023 | -21.0% | – |
| 2024 | -62.2% | -93.9% |
| 2025 | +445.6% | -88.1% |
| 2026 | -40.0% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOMH and NWTG good diversifiers for each other?
Reasonably. At 0.46, DOMH and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOMH and NWTG?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is NWTG a good diversifier for DOMH?
Reasonably. At 0.46, DOMH and NWTG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: DOMH correlations · NWTG correlations
