HPQ vs NGEN: Correlation
How closely do HP Inc. (HPQ) and NervGen Pharma Corp. (NGEN) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and NGEN?
On 3 years of weekly data the HPQ/NGEN correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.19 over 3 years. The 5-year figure is -0.08, and annualized covariance runs at -557.7 %².
NGEN is close to the least connected end of HPQ's tracked universe, ranking #25 of 28. Their recent paths diverged sharply: over the last 12 months HPQ outperformed by 18.0 percentage points (+14.9% for HPQ against -3.1% for NGEN). Risk is not evenly split, since NGEN carries 2.5 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.
HPQ vs NGEN: side by side
| HPQ (HP Inc.) | NGEN (NervGen Pharma Corp.) | |
|---|---|---|
| 1-year return | +14.9% | -3.1% |
| 5-year return | +19.9% | +44.1% |
| Volatility (ann.) | 34.2% | 84.7% |
| Beta vs S&P 500 | 1.15 | 0.57 |
| Max drawdown (3Y) | -51.2% | -73.4% |
| Market cap | $26.7B | $0.3B |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPQ | NGEN |
|---|---|---|
| 2022 | -26.4% | -44.1% |
| 2023 | +16.1% | +71.4% |
| 2024 | +12.1% | +6.9% |
| 2025 | -28.7% | +156.9% |
| 2026 | +36.8% | -58.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ and NGEN good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HPQ and NGEN?
The HPQ/NGEN correlation stands at -0.19 on a 3-year window (1 year: -0.30, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is NGEN a good diversifier for HPQ?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/hpq-vs-ngen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpq-vs-ngen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HPQ correlations · NGEN correlations
