NCRA vs ZOOZ: Correlation
Nocera, Inc. (NCRA) and ZOOZ Strategy Ltd. (ZOOZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCRA and ZOOZ?
Across a 3-year window, the weekly returns of NCRA and ZOOZ correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 5222.8 %².
ZOOZ is one of the assets that tracks NCRA most closely: it ranks #2 out of the 12 assets we track against NCRA. Their recent paths diverged sharply: over the last 12 months ZOOZ outperformed by 17.2 percentage points (-96.1% for NCRA against -78.9% for ZOOZ). Risk is not evenly split, since ZOOZ carries 1.6 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.
NCRA vs ZOOZ: side by side
| NCRA (Nocera, Inc.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -96.1% | -78.9% |
| 5-year return | -99.1% | n/a |
| Volatility (ann.) | 92.8% | 147.3% |
| Beta vs S&P 500 | 1.42 | 1.83 |
| Max drawdown (3Y) | -97.7% | -93.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCRA | ZOOZ |
|---|---|---|
| 2022 | -85.8% | – |
| 2023 | +3.1% | – |
| 2024 | -35.9% | – |
| 2025 | +0.4% | -82.1% |
| 2026 | -93.1% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCRA and ZOOZ good diversifiers for each other?
Reasonably. At 0.36, NCRA and ZOOZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NCRA and ZOOZ?
The NCRA/ZOOZ correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZOOZ a good diversifier for NCRA?
Reasonably. At 0.36, NCRA and ZOOZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ncra-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NCRA correlations · ZOOZ correlations
