MYE vs NNVC: Correlation
Measured on weekly returns over the past three years, Myers Industries, Inc. (MYE) and NanoViricides, Inc. (NNVC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYE and NNVC?
Across a 3-year window, the weekly returns of MYE and NNVC correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.19, with an annualized covariance of -728.4 %².
Out of 13 assets tracked against MYE, NNVC lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MYE outperformed by 111.8 percentage points (+101.9% for MYE against -9.9% for NNVC). One caveat on sizing: NNVC is 2.0 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.
MYE vs NNVC: side by side
| MYE (Myers Industries, Inc.) | NNVC (NanoViricides, Inc.) | |
|---|---|---|
| 1-year return | +101.9% | -9.9% |
| 5-year return | +70.0% | -66.8% |
| Volatility (ann.) | 39.3% | 79.5% |
| Beta vs S&P 500 | 0.73 | 0.87 |
| Max drawdown (3Y) | -59.0% | -74.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYE | NNVC |
|---|---|---|
| 2022 | +14.0% | -70.2% |
| 2023 | -9.5% | -8.1% |
| 2024 | -41.4% | +40.2% |
| 2025 | +75.7% | -21.0% |
| 2026 | +79.9% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYE and NNVC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between MYE and NNVC?
As of 2026-08-27, the correlation of weekly returns between MYE and NNVC is -0.23 over 3 years, -0.12 over 1 year and -0.19 over 5 years.
Is NNVC a good diversifier for MYE?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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: MYE correlations · NNVC correlations
