NGEN vs RDZN: Correlation
How closely do NervGen Pharma Corp. (NGEN) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGEN and RDZN?
Over the past 3 years, NGEN and RDZN moved with a correlation of 0.26, which is weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2693.3 %².
Among the 16 assets we track against NGEN, RDZN ranks #4 by 3-year correlation. The last year tells two different stories: RDZN led by 53.6 percentage points, -3.1% for NGEN against +50.5% for RDZN.
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.
NGEN vs RDZN: side by side
| NGEN (NervGen Pharma Corp.) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | -3.1% | +50.5% |
| 5-year return | +44.1% | -84.9% |
| Volatility (ann.) | 84.7% | 122.6% |
| Beta vs S&P 500 | 0.57 | 1.57 |
| Max drawdown (3Y) | -73.4% | -94.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGEN | RDZN |
|---|---|---|
| 2022 | -44.1% | – |
| 2023 | +71.4% | -50.3% |
| 2024 | +6.9% | -57.2% |
| 2025 | +156.9% | +10.6% |
| 2026 | -58.3% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGEN and RDZN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NGEN and RDZN?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.19 over the last year and 0.24 over 5 years.
Is RDZN a good diversifier for NGEN?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/ngen-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ngen-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NGEN correlations · RDZN correlations
