GWAV vs NSYS: Correlation
Measured on weekly returns over the past three years, Greenwave Technology Solutions, Inc. (GWAV) and Nortech Systems Incorporated (NSYS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWAV and NSYS?
On 3 years of weekly data the GWAV/NSYS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.22 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -2375.5 %².
NSYS is close to the least connected end of GWAV's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with NSYS ahead by 80.5 points (-43.9% versus +36.6%). Risk is not evenly split, since GWAV carries 4.0 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.
GWAV vs NSYS: side by side
| GWAV (Greenwave Technology Solutions, Inc.) | NSYS (Nortech Systems Incorporated) | |
|---|---|---|
| 1-year return | -43.9% | +36.6% |
| 5-year return | -100.0% | -4.7% |
| Volatility (ann.) | 209.4% | 52.5% |
| Beta vs S&P 500 | 2.43 | 0.23 |
| Max drawdown (3Y) | -100.0% | -62.0% |
| Market cap | – | – |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWAV | NSYS |
|---|---|---|
| 2022 | -93.8% | +18.4% |
| 2023 | -35.9% | -23.1% |
| 2024 | -99.2% | +9.2% |
| 2025 | -93.2% | -27.8% |
| 2026 | -17.0% | +65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWAV and NSYS good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GWAV and NSYS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.13 over the last year and -0.11 over 5 years.
Is NSYS a good diversifier for GWAV?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/gwav-vs-nsys.json
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[](https://www.pairbook.io/pair/gwav-vs-nsys/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GWAV correlations · NSYS correlations
