NIVF vs WAB: Correlation
Measured on weekly returns over the past three years, NewGenIvf Group Limited - Class A (NIVF) and Wabtec (WAB) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and WAB?
Across a 3-year window, the weekly returns of NIVF and WAB correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.11) runs above the 3-year figure (-0.16). Stretching to 5 years gives -0.13, with an annualized covariance of -3249.3 %².
By 3-year correlation, WAB places #21 of the 37 assets tracked against NIVF. The last year tells two different stories: WAB led by 152.8 percentage points, -99.9% for NIVF against +52.9% for WAB. One caveat on sizing: NIVF is 31.6 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 WAB: side by side
| NIVF (NewGenIvf Group Limited - Class A) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | -99.9% | +52.9% |
| 5-year return | -100.0% | +241.0% |
| Volatility (ann.) | 800.3% | 25.3% |
| Beta vs S&P 500 | 5.34 | 0.99 |
| Max drawdown (3Y) | -100.0% | -23.6% |
| Market cap | – | $50.2B |
| P/E (trailing) | 0.0 | 40.5 |
| Dividend yield | 0.00% | 0.37% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NIVF | WAB |
|---|---|---|
| 2022 | – | +9.1% |
| 2023 | +6.9% | +28.0% |
| 2024 | -96.3% | +50.1% |
| 2025 | -99.3% | +13.2% |
| 2026 | -98.1% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and WAB good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between NIVF and WAB?
The NIVF/WAB correlation stands at -0.16 on a 3-year window (1 year: 0.11, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is WAB a good diversifier for NIVF?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nivf-vs-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nivf-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NIVF correlations · WAB correlations
