NIVF vs SFL: Correlation
How closely do NewGenIvf Group Limited - Class A (NIVF) and SFL Corporation Ltd (SFL) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and SFL?
Over the past 3 years, NIVF and SFL moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -5943.3 %².
Among the 37 assets we track against NIVF, SFL ranks #28 by 3-year correlation. The last year tells two different stories: SFL led by 155.3 percentage points, -99.9% for NIVF against +55.4% for SFL. Risk is not evenly split, since NIVF carries 28.6 times the volatility of the other side.
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 SFL: side by side
| NIVF (NewGenIvf Group Limited - Class A) | SFL (SFL Corporation Ltd) | |
|---|---|---|
| 1-year return | -99.9% | +55.4% |
| 5-year return | -100.0% | +130.7% |
| Volatility (ann.) | 800.3% | 28.0% |
| Beta vs S&P 500 | 5.34 | 0.53 |
| Max drawdown (3Y) | -100.0% | -46.4% |
| Market cap | – | $1.7B |
| P/E (trailing) | 0.0 | 25.2 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | SFL |
|---|---|---|
| 2022 | – | +23.5% |
| 2023 | +6.9% | +34.5% |
| 2024 | -96.3% | -0.8% |
| 2025 | -99.3% | -18.6% |
| 2026 | -98.1% | +64.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and SFL good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between NIVF and SFL?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.25 over the last year and -0.22 over 5 years.
Is SFL a good diversifier for NIVF?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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: NIVF correlations · SFL correlations
