JELD vs NCRA: Correlation
JELD-WEN Holding, Inc. (JELD) and Nocera, Inc. (NCRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and NCRA?
Over the past 3 years, JELD and NCRA moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.33 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 2498.3 %².
Among the 16 assets we track against JELD, NCRA ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JELD outperformed by 32.4 percentage points (-63.7% for JELD against -96.1% for NCRA).
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.
JELD vs NCRA: side by side
| JELD (JELD-WEN Holding, Inc.) | NCRA (Nocera, Inc.) | |
|---|---|---|
| 1-year return | -63.7% | -96.1% |
| 5-year return | -92.5% | -99.1% |
| Volatility (ann.) | 80.7% | 92.8% |
| Beta vs S&P 500 | 2.01 | 1.42 |
| Max drawdown (3Y) | -95.5% | -97.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JELD | NCRA |
|---|---|---|
| 2022 | -63.4% | -85.8% |
| 2023 | +95.6% | +3.1% |
| 2024 | -56.6% | -35.9% |
| 2025 | -70.0% | +0.4% |
| 2026 | -11.4% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and NCRA good diversifiers for each other?
Reasonably. At 0.33, JELD and NCRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JELD and NCRA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.45 over the last year and 0.27 over 5 years.
Is NCRA a good diversifier for JELD?
Reasonably. At 0.33, JELD and NCRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/jeld-vs-ncra.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jeld-vs-ncra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JELD correlations · NCRA correlations
