LFWD vs NIVF: Correlation
How closely do Lifeward Ltd. (LFWD) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFWD and NIVF?
On 3 years of weekly data the LFWD/NIVF correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 27243.8 %².
NIVF is one of the assets that tracks LFWD most closely: it ranks #2 out of the 12 assets we track against LFWD. Correlation aside, the last 12 months split them widely, with LFWD ahead by 98.3 points (-1.6% versus -99.9%). Note the risk asymmetry: NIVF runs 8.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LFWD vs NIVF: side by side
| LFWD (Lifeward Ltd.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -1.6% | -99.9% |
| 5-year return | -93.8% | -100.0% |
| Volatility (ann.) | 91.5% | 800.3% |
| Beta vs S&P 500 | 1.20 | 5.34 |
| Max drawdown (3Y) | -95.6% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFWD | NIVF |
|---|---|---|
| 2022 | -38.2% | – |
| 2023 | +2.4% | +6.9% |
| 2024 | -68.2% | -96.3% |
| 2025 | -66.6% | -99.3% |
| 2026 | +6.4% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFWD and NIVF good diversifiers for each other?
Reasonably. At 0.37, LFWD and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LFWD and NIVF?
As of 2026-08-27, the correlation of weekly returns between LFWD and NIVF is 0.37 over 3 years, 0.29 over 1 year and 0.35 over 5 years.
Is NIVF a good diversifier for LFWD?
Reasonably. At 0.37, LFWD and NIVF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LFWD correlations · NIVF correlations
