NEXR vs NGVC: Correlation
How closely do Nexera Technologies Ltd (NEXR) and Natural Grocers by Vitamin Cottage, Inc. (NGVC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXR and NGVC?
Over the past 3 years, NEXR and NGVC moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.44 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 14929.4 %².
Within NEXR's tracked universe of 22 assets, NGVC comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NGVC ahead by 69.9 points (-99.7% versus -29.8%). Note the risk asymmetry: NEXR runs 12.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NEXR vs NGVC: side by side
| NEXR (Nexera Technologies Ltd) | NGVC (Natural Grocers by Vitamin Cottage, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | -29.8% |
| 5-year return | n/a | +184.3% |
| Volatility (ann.) | 656.6% | 51.4% |
| Beta vs S&P 500 | 3.62 | 0.61 |
| Max drawdown (3Y) | -100.0% | -59.9% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXR | NGVC |
|---|---|---|
| 2022 | – | -34.0% |
| 2023 | -62.4% | +91.8% |
| 2024 | -15.7% | +152.5% |
| 2025 | -98.1% | -36.1% |
| 2026 | -98.3% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXR and NGVC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEXR and NGVC?
As of 2026-08-27, the correlation of weekly returns between NEXR and NGVC is 0.44 over 3 years, 0.24 over 1 year and 0.42 over 5 years.
Is NGVC a good diversifier for NEXR?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: NEXR correlations · NGVC correlations
