NCRA vs PAVS: Correlation
Nocera, Inc. (NCRA) and Paranovus Entertainment Technology Ltd. - Class A (PAVS) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCRA and PAVS?
Over the past 3 years, NCRA and PAVS moved with a correlation of 0.28, which is weak. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 3531.1 %².
By 3-year correlation, PAVS places #7 of the 12 assets tracked against NCRA. Twelve-month performance is nearly a tie, at -96.1% for NCRA and -100.0% for PAVS.
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.
NCRA vs PAVS: side by side
| NCRA (Nocera, Inc.) | PAVS (Paranovus Entertainment Technology Ltd. - Class A) | |
|---|---|---|
| 1-year return | -96.1% | -100.0% |
| 5-year return | -99.1% | -100.0% |
| Volatility (ann.) | 92.8% | 133.6% |
| Beta vs S&P 500 | 1.42 | 1.06 |
| Max drawdown (3Y) | -97.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCRA | PAVS |
|---|---|---|
| 2022 | -85.8% | -61.1% |
| 2023 | +3.1% | -44.6% |
| 2024 | -35.9% | -44.4% |
| 2025 | +0.4% | -98.7% |
| 2026 | -93.1% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCRA and PAVS good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NCRA and PAVS?
As of 2026-08-27, the correlation of weekly returns between NCRA and PAVS is 0.28 over 3 years, 0.38 over 1 year and 0.19 over 5 years.
Is PAVS a good diversifier for NCRA?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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/ncra-vs-pavs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ncra-vs-pavs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NCRA correlations · PAVS correlations
