GENC vs NVNI: Correlation
Measured on weekly returns over the past three years, Gencor Industries, Inc. (GENC) and Nvni Group Limited (NVNI) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENC and NVNI?
Over the past 3 years, GENC and NVNI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -9007.5 %².
Out of 11 assets tracked against GENC, NVNI lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months GENC outperformed by 98.9 percentage points (+15.9% for GENC against -83.0% for NVNI). One caveat on sizing: NVNI is 26.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GENC vs NVNI: side by side
| GENC (Gencor Industries, Inc.) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +15.9% | -83.0% |
| 5-year return | +63.6% | -98.9% |
| Volatility (ann.) | 36.4% | 949.3% |
| Beta vs S&P 500 | 0.83 | -4.03 |
| Max drawdown (3Y) | -55.7% | -99.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 18.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENC | NVNI |
|---|---|---|
| 2022 | -12.4% | +4.4% |
| 2023 | +59.8% | -85.4% |
| 2024 | +9.4% | +64.4% |
| 2025 | -26.6% | -89.2% |
| 2026 | +47.2% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENC and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between GENC and NVNI?
The GENC/NVNI correlation stands at -0.26 on a 3-year window (1 year: -0.08, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is NVNI a good diversifier for GENC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/genc-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/genc-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GENC correlations · NVNI correlations
