NIVF vs PLRX: Correlation
Measured on weekly returns over the past three years, NewGenIvf Group Limited - Class A (NIVF) and Pliant Therapeutics, Inc. (PLRX) carry a correlation of -0.43, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and PLRX?
Across a 3-year window, the weekly returns of NIVF and PLRX correlate at -0.43, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.28 versus -0.43 over 3 years. Stretching to 5 years gives -0.27, with an annualized covariance of -25656.5 %².
PLRX is close to the least connected end of NIVF's tracked universe, ranking #36 of 37. The last year tells two different stories: PLRX led by 67.9 percentage points, -99.9% for NIVF against -32.0% for PLRX. One caveat on sizing: NIVF is 10.7 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.
NIVF vs PLRX: side by side
| NIVF (NewGenIvf Group Limited - Class A) | PLRX (Pliant Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -99.9% | -32.0% |
| 5-year return | -100.0% | -93.6% |
| Volatility (ann.) | 800.3% | 74.8% |
| Beta vs S&P 500 | 5.34 | 1.32 |
| Max drawdown (3Y) | -100.0% | -94.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | PLRX |
|---|---|---|
| 2022 | – | +43.2% |
| 2023 | +6.9% | -6.3% |
| 2024 | -96.3% | -27.3% |
| 2025 | -99.3% | -90.7% |
| 2026 | -98.1% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and PLRX good diversifiers for each other?
Yes. With a correlation of -0.43, NIVF and PLRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NIVF and PLRX?
Using weekly returns as of 2026-08-27: -0.43 over 3 years, with 0.28 over the last year and -0.27 over 5 years.
Is PLRX a good diversifier for NIVF?
Yes. With a correlation of -0.43, NIVF and PLRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.43 mean?
A reading of -0.43 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-plrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nivf-vs-plrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NIVF correlations · PLRX correlations
