FKWL vs NIVF: Correlation
Franklin Wireless Corp. (FKWL) and NewGenIvf Group Limited - Class A (NIVF) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FKWL and NIVF?
Across a 3-year window, the weekly returns of FKWL and NIVF correlate at 0.37, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.37). Stretching to 5 years gives 0.28, with an annualized covariance of 10057.1 %².
NIVF is one of the assets that tracks FKWL most closely: it ranks #2 out of the 11 assets we track against FKWL. The last year tells two different stories: FKWL led by 58.5 percentage points, -41.4% for FKWL against -99.9% for NIVF. Risk is not evenly split, since NIVF carries 23.6 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.
FKWL vs NIVF: side by side
| FKWL (Franklin Wireless Corp.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -41.4% | -99.9% |
| 5-year return | -69.6% | -100.0% |
| Volatility (ann.) | 33.9% | 800.3% |
| Beta vs S&P 500 | 0.02 | 5.34 |
| Max drawdown (3Y) | -67.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FKWL | NIVF |
|---|---|---|
| 2022 | +2.1% | – |
| 2023 | -24.0% | +6.9% |
| 2024 | +44.5% | -96.3% |
| 2025 | -10.1% | -99.3% |
| 2026 | -43.7% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FKWL and NIVF good diversifiers for each other?
Reasonably. At 0.37, FKWL and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FKWL and NIVF?
The FKWL/NIVF correlation stands at 0.37 on a 3-year window (1 year: 0.16, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is NIVF a good diversifier for FKWL?
Reasonably. At 0.37, FKWL and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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: FKWL correlations · NIVF correlations
