NDSN vs NVNI: Correlation
Measured on weekly returns over the past three years, Nordson Corporation (NDSN) and Nvni Group Limited (NVNI) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDSN and NVNI?
Over the past 3 years, NDSN and NVNI moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.17). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -3925.8 %².
Among the 39 assets we track against NDSN, NVNI ranks #34 by 3-year correlation. The last year tells two different stories: NDSN led by 131.5 percentage points, +48.5% for NDSN against -83.0% for NVNI. One caveat on sizing: NVNI is 38.4 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.
NDSN vs NVNI: side by side
| NDSN (Nordson Corporation) | NVNI (Nvni Group Limited) | |
|---|---|---|
| 1-year return | +48.5% | -83.0% |
| 5-year return | +46.5% | -98.9% |
| Volatility (ann.) | 24.7% | 949.3% |
| Beta vs S&P 500 | 0.97 | -4.03 |
| Max drawdown (3Y) | -39.1% | -99.3% |
| Market cap | $18.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | NDSN | NVNI |
|---|---|---|
| 2022 | -5.9% | +4.4% |
| 2023 | +12.4% | -85.4% |
| 2024 | -20.1% | +64.4% |
| 2025 | +17.0% | -89.2% |
| 2026 | +38.4% | -60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDSN and NVNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between NDSN and NVNI?
As of 2026-08-27, the correlation of weekly returns between NDSN and NVNI is -0.17 over 3 years, -0.06 over 1 year and -0.13 over 5 years.
Is NVNI a good diversifier for NDSN?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ndsn-vs-nvni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ndsn-vs-nvni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NDSN correlations · NVNI correlations
