MPAA vs NIVF: Correlation
Motorcar Parts of America, Inc. (MPAA) and NewGenIvf Group Limited - Class A (NIVF) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPAA and NIVF?
On 3 years of weekly data the MPAA/NIVF correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.53). The 5-year figure is 0.43, and annualized covariance runs at 29555.2 %².
Few assets follow MPAA as closely as NIVF, which ranks #1 of 12 tracked partners. The last year tells two different stories: MPAA led by 76.3 percentage points, -23.6% for MPAA against -99.9% for NIVF. One caveat on sizing: NIVF is 11.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MPAA vs NIVF: side by side
| MPAA (Motorcar Parts of America, Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -23.6% | -99.9% |
| 5-year return | -42.5% | -100.0% |
| Volatility (ann.) | 69.6% | 800.3% |
| Beta vs S&P 500 | 1.42 | 5.34 |
| Max drawdown (3Y) | -53.3% | -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 | MPAA | NIVF |
|---|---|---|
| 2022 | -30.5% | – |
| 2023 | -21.2% | +6.9% |
| 2024 | -18.6% | -96.3% |
| 2025 | +62.4% | -99.3% |
| 2026 | -7.0% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPAA and NIVF good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MPAA and NIVF?
As of 2026-08-27, the correlation of weekly returns between MPAA and NIVF is 0.53 over 3 years, 0.08 over 1 year and 0.43 over 5 years.
Is NIVF a good diversifier for MPAA?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MPAA correlations · NIVF correlations
