MSN vs NVX: Correlation
Emerson Radio Corporation (MSN) and NOVONIX Limited - American Depository Shares (NVX) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSN and NVX?
Across a 3-year window, the weekly returns of MSN and NVX correlate at 0.32, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.32). Stretching to 5 years gives 0.30, with an annualized covariance of 1372.2 %².
Among the 10 assets we track against MSN, NVX ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MSN outperformed by 91.0 percentage points (+15.6% for MSN against -75.4% for NVX). Risk is not evenly split, since NVX carries 2.1 times the volatility of the other side.
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.
MSN vs NVX: side by side
| MSN (Emerson Radio Corporation) | NVX (NOVONIX Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | +15.6% | -75.4% |
| 5-year return | -59.8% | -98.4% |
| Volatility (ann.) | 45.3% | 96.1% |
| Beta vs S&P 500 | 0.15 | 1.02 |
| Max drawdown (3Y) | -55.3% | -88.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSN | NVX |
|---|---|---|
| 2022 | -34.6% | – |
| 2023 | +3.8% | -52.7% |
| 2024 | -23.6% | -7.2% |
| 2025 | -9.5% | -43.9% |
| 2026 | +24.7% | -64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSN and NVX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSN and NVX?
The MSN/NVX correlation stands at 0.32 on a 3-year window (1 year: 0.49, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is NVX a good diversifier for MSN?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/msn-vs-nvx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msn-vs-nvx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSN correlations · NVX correlations
