MSFT vs NCRA: Correlation
Microsoft (MSFT) 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 MSFT and NCRA?
Across a 3-year window, the weekly returns of MSFT and NCRA correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.33 over 3 years. Stretching to 5 years gives 0.19, with an annualized covariance of 849.4 %².
Within MSFT's tracked universe of 39 assets, NCRA comes in at #22 by 3-year correlation. The last year tells two different stories: MSFT led by 96.6 percentage points, +0.5% for MSFT against -96.1% for NCRA. Note the risk asymmetry: NCRA runs 3.4 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.
MSFT vs NCRA: side by side
| MSFT (Microsoft) | NCRA (Nocera, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | -96.1% |
| 5-year return | +73.3% | -99.1% |
| Volatility (ann.) | 27.5% | 92.8% |
| Beta vs S&P 500 | 1.12 | 1.42 |
| Max drawdown (3Y) | -34.5% | -97.7% |
| Market cap | $3,750.3B | – |
| P/E (trailing) | 28.1 | – |
| Dividend yield | 0.73% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MSFT | NCRA |
|---|---|---|
| 2022 | -28.0% | -85.8% |
| 2023 | +58.2% | +3.1% |
| 2024 | +12.9% | -35.9% |
| 2025 | +15.6% | +0.4% |
| 2026 | +5.1% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSFT and NCRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MSFT and NCRA?
As of 2026-08-27, the correlation of weekly returns between MSFT and NCRA is 0.33 over 3 years, 0.46 over 1 year and 0.19 over 5 years.
Is NCRA a good diversifier for MSFT?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/msft-vs-ncra.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msft-vs-ncra/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSFT correlations · NCRA correlations
