LUCD vs NIVF: Correlation
Measured on weekly returns over the past three years, Lucid Diagnostics Inc. (LUCD) and NewGenIvf Group Limited - Class A (NIVF) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCD and NIVF?
Over the past 3 years, LUCD and NIVF moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 15717.9 %².
By 3-year correlation, NIVF places #5 of the 11 assets tracked against LUCD. Their recent paths diverged sharply: over the last 12 months LUCD outperformed by 78.0 percentage points (-21.9% for LUCD against -99.9% for NIVF). Note the risk asymmetry: NIVF runs 12.4 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.
LUCD vs NIVF: side by side
| LUCD (Lucid Diagnostics Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -21.9% | -99.9% |
| 5-year return | -91.6% | -100.0% |
| Volatility (ann.) | 64.4% | 800.3% |
| Beta vs S&P 500 | 0.32 | 5.34 |
| Max drawdown (3Y) | -59.4% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCD | NIVF |
|---|---|---|
| 2022 | -74.7% | – |
| 2023 | +3.7% | +6.9% |
| 2024 | -41.9% | -96.3% |
| 2025 | +33.1% | -99.3% |
| 2026 | -9.7% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCD and NIVF good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LUCD and NIVF?
As of 2026-08-27, the correlation of weekly returns between LUCD and NIVF is 0.31 over 3 years, 0.19 over 1 year and 0.24 over 5 years.
Is NIVF a good diversifier for LUCD?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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: LUCD correlations · NIVF correlations
