FTFT vs NDRA: Correlation
How closely do Future FinTech Group Inc. (FTFT) and ENDRA Life Sciences Inc. (NDRA) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTFT and NDRA?
Across a 3-year window, the weekly returns of FTFT and NDRA correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.46 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 10679.6 %².
By 3-year correlation, NDRA places #9 of the 19 assets tracked against FTFT. Correlation aside, the last 12 months split them widely, with NDRA ahead by 129.9 points (-98.4% versus +31.5%).
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.
FTFT vs NDRA: side by side
| FTFT (Future FinTech Group Inc.) | NDRA (ENDRA Life Sciences Inc.) | |
|---|---|---|
| 1-year return | -98.4% | +31.5% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 154.7% | 150.8% |
| Beta vs S&P 500 | 0.87 | 1.41 |
| Max drawdown (3Y) | -99.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTFT | NDRA |
|---|---|---|
| 2022 | -72.2% | -70.6% |
| 2023 | -1.1% | -47.9% |
| 2024 | -83.1% | -99.8% |
| 2025 | -75.2% | -27.6% |
| 2026 | -95.3% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTFT and NDRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FTFT and NDRA?
As of 2026-08-27, the correlation of weekly returns between FTFT and NDRA is 0.46 over 3 years, 0.22 over 1 year and 0.45 over 5 years.
Is NDRA a good diversifier for FTFT?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ftft-vs-ndra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftft-vs-ndra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTFT correlations · NDRA correlations
