NIVF vs NWTG: Correlation
Measured on weekly returns over the past three years, NewGenIvf Group Limited - Class A (NIVF) and Newton Golf Company, Inc. (NWTG) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and NWTG?
Over the past 3 years, NIVF and NWTG moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 41262.5 %².
Within NIVF's tracked universe of 37 assets, NWTG comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NWTG outperformed by 67.3 percentage points (-99.9% for NIVF against -32.6% for NWTG). Note the risk asymmetry: NIVF runs 5.6 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.
NIVF vs NWTG: side by side
| NIVF (NewGenIvf Group Limited - Class A) | NWTG (Newton Golf Company, Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -32.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 800.3% | 142.1% |
| Beta vs S&P 500 | 5.34 | 0.76 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | NWTG |
|---|---|---|
| 2023 | +6.9% | – |
| 2024 | -96.3% | -93.9% |
| 2025 | -99.3% | -88.1% |
| 2026 | -98.1% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and NWTG good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NIVF and NWTG?
As of 2026-08-27, the correlation of weekly returns between NIVF and NWTG is 0.36 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is NWTG a good diversifier for NIVF?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/nivf-vs-nwtg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nivf-vs-nwtg/)
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Related comparisons
Hubs: NIVF correlations · NWTG correlations
