NEON vs UUU: Correlation
Measured on weekly returns over the past three years, Neonode Inc. (NEON) and Universal Safety Products, Inc. (UUU) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEON and UUU?
On 3 years of weekly data the NEON/UUU correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.26). The 5-year figure is -0.15, and annualized covariance runs at -3784.8 %².
Out of 12 assets tracked against NEON, UUU lands near the bottom at #11. The last year tells two different stories: UUU led by 180.3 percentage points, -96.2% for NEON against +84.1% for UUU.
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.
NEON vs UUU: side by side
| NEON (Neonode Inc.) | UUU (Universal Safety Products, Inc.) | |
|---|---|---|
| 1-year return | -96.2% | +84.1% |
| 5-year return | -82.6% | +5.9% |
| Volatility (ann.) | 119.0% | 122.8% |
| Beta vs S&P 500 | 1.95 | -0.54 |
| Max drawdown (3Y) | -97.4% | -77.3% |
| Market cap | – | – |
| P/E (trailing) | 1.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEON | UUU |
|---|---|---|
| 2022 | -37.9% | -40.3% |
| 2023 | -58.4% | -18.2% |
| 2024 | +259.4% | +42.8% |
| 2025 | -78.9% | +158.6% |
| 2026 | -49.4% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEON and UUU good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEON and UUU?
The NEON/UUU correlation stands at -0.26 on a 3-year window (1 year: -0.50, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is UUU a good diversifier for NEON?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/neon-vs-uuu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/neon-vs-uuu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEON correlations · UUU correlations
