NIVF vs STAA: Correlation
How closely do NewGenIvf Group Limited - Class A (NIVF) and STAAR Surgical Company (STAA) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and STAA?
On 3 years of weekly data the NIVF/STAA correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.29). The 5-year figure is -0.23, and annualized covariance runs at -14190.1 %².
Within NIVF's tracked universe of 37 assets, STAA comes in at #30 by 3-year correlation. The last year tells two different stories: STAA led by 81.3 percentage points, -99.9% for NIVF against -18.6% for STAA. Risk is not evenly split, since NIVF carries 12.9 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 STAA: side by side
| NIVF (NewGenIvf Group Limited - Class A) | STAA (STAAR Surgical Company) | |
|---|---|---|
| 1-year return | -99.9% | -18.6% |
| 5-year return | -100.0% | -85.0% |
| Volatility (ann.) | 800.3% | 61.9% |
| Beta vs S&P 500 | 5.34 | 0.90 |
| Max drawdown (3Y) | -100.0% | -71.1% |
| Market cap | – | $1.1B |
| P/E (trailing) | 0.0 | 279.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIVF | STAA |
|---|---|---|
| 2022 | – | -46.8% |
| 2023 | +6.9% | -35.7% |
| 2024 | -96.3% | -22.2% |
| 2025 | -99.3% | -4.9% |
| 2026 | -98.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and STAA good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NIVF and STAA?
The NIVF/STAA correlation stands at -0.29 on a 3-year window (1 year: 0.18, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is STAA a good diversifier for NIVF?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NIVF correlations · STAA correlations
