GMEX vs NCRA: Correlation
Measured on weekly returns over the past three years, GMEX ROBOTICS CORPORATION - Class A (GMEX) and Nocera, Inc. (NCRA) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMEX and NCRA?
Across a 3-year window, the weekly returns of GMEX and NCRA correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.30 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 5389.9 %².
NCRA is one of the assets that tracks GMEX most closely: it ranks #3 out of the 17 assets we track against GMEX. Their 12-month results are close: -100.0% for GMEX against -96.1% for NCRA. One caveat on sizing: GMEX is 2.1 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.
GMEX vs NCRA: side by side
| GMEX (GMEX ROBOTICS CORPORATION - Class A) | NCRA (Nocera, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -96.1% |
| 5-year return | n/a | -99.1% |
| Volatility (ann.) | 195.3% | 92.8% |
| Beta vs S&P 500 | 2.43 | 1.42 |
| Max drawdown (3Y) | -100.0% | -97.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4710.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GMEX | NCRA |
|---|---|---|
| 2022 | – | -85.8% |
| 2023 | – | +3.1% |
| 2024 | +471.2% | -35.9% |
| 2025 | -99.6% | +0.4% |
| 2026 | -99.6% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMEX and NCRA good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GMEX and NCRA?
The GMEX/NCRA correlation stands at 0.30 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NCRA a good diversifier for GMEX?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/gmex-vs-ncra.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gmex-vs-ncra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GMEX correlations · NCRA correlations
