HOUR vs NEON: Correlation
Measured on weekly returns over the past three years, Hour Loop, Inc. (HOUR) and Neonode Inc. (NEON) 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 HOUR and NEON?
Over the past 3 years, HOUR and NEON moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.63) than the 3-year average (-0.22). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -3247.3 %².
NEON is close to the least connected end of HOUR's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with HOUR ahead by 122.3 points (+26.1% versus -96.2%).
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.
HOUR vs NEON: side by side
| HOUR (Hour Loop, Inc.) | NEON (Neonode Inc.) | |
|---|---|---|
| 1-year return | +26.1% | -96.2% |
| 5-year return | -76.6% | -82.6% |
| Volatility (ann.) | 126.8% | 119.0% |
| Beta vs S&P 500 | 1.23 | 1.95 |
| Max drawdown (3Y) | -74.1% | -97.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 46.8 | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOUR | NEON |
|---|---|---|
| 2022 | – | -37.9% |
| 2023 | -47.0% | -58.4% |
| 2024 | +62.6% | +259.4% |
| 2025 | -20.0% | -78.9% |
| 2026 | +3.9% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOUR and NEON 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 HOUR and NEON?
The HOUR/NEON correlation stands at -0.22 on a 3-year window (1 year: -0.63, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is NEON a good diversifier for HOUR?
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/hour-vs-neon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hour-vs-neon/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOUR correlations · NEON correlations
