DRIO vs NUAI: Correlation
DarioHealth Corp. (DRIO) and New Era Energy & Digital, Inc. (NUAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRIO and NUAI?
On 3 years of weekly data the DRIO/NUAI correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.42). The 5-year figure is 0.37, and annualized covariance runs at 8039.7 %².
Among the 13 assets we track against DRIO, NUAI ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NUAI outperformed by 955.6 percentage points (-29.6% for DRIO against +926.0% for NUAI). Risk is not evenly split, since NUAI carries 1.7 times the volatility of the other side.
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.
DRIO vs NUAI: side by side
| DRIO (DarioHealth Corp.) | NUAI (New Era Energy & Digital, Inc.) | |
|---|---|---|
| 1-year return | -29.6% | +926.0% |
| 5-year return | -97.3% | -47.8% |
| Volatility (ann.) | 106.1% | 179.9% |
| Beta vs S&P 500 | 0.92 | 1.47 |
| Max drawdown (3Y) | -91.2% | -97.2% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRIO | NUAI |
|---|---|---|
| 2022 | -67.0% | – |
| 2023 | -59.8% | +5.1% |
| 2024 | -54.3% | -43.6% |
| 2025 | -27.6% | -51.2% |
| 2026 | -40.5% | +75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRIO and NUAI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DRIO and NUAI?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.62 over the last year and 0.37 over 5 years.
Is NUAI a good diversifier for DRIO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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
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Related comparisons
Hubs: DRIO correlations · NUAI correlations
