NAGE vs SIGA: Correlation
Niagen Bioscience, Inc. (NAGE) and SIGA Technologies Inc. (SIGA) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAGE and SIGA?
On 3 years of weekly data the NAGE/SIGA correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.43 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 2165.0 %².
In NAGE's tracked universe of 12 assets, SIGA sits right near the top at #2. On 12-month performance SIGA holds a 9.0-point edge, -67.1% against -58.1%.
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.
NAGE vs SIGA: side by side
| NAGE (Niagen Bioscience, Inc.) | SIGA (SIGA Technologies Inc.) | |
|---|---|---|
| 1-year return | -67.1% | -58.1% |
| 5-year return | -61.2% | -27.3% |
| Volatility (ann.) | 78.5% | 64.1% |
| Beta vs S&P 500 | 0.93 | 1.22 |
| Max drawdown (3Y) | -79.5% | -70.1% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NAGE | SIGA |
|---|---|---|
| 2022 | -55.1% | +4.2% |
| 2023 | -14.9% | -17.6% |
| 2024 | +271.3% | +15.2% |
| 2025 | +19.8% | +12.3% |
| 2026 | -49.5% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAGE and SIGA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NAGE and SIGA?
The NAGE/SIGA correlation stands at 0.43 on a 3-year window (1 year: 0.22, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SIGA a good diversifier for NAGE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/nage-vs-siga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nage-vs-siga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NAGE correlations · SIGA correlations
