NIVF vs WST: Correlation
Measured on weekly returns over the past three years, NewGenIvf Group Limited - Class A (NIVF) and West Pharmaceutical Services (WST) carry a correlation of -0.49, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIVF and WST?
On 3 years of weekly data the NIVF/WST correlation comes out at -0.49, 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 (-0.49). The 5-year figure is -0.40, and annualized covariance runs at -15123.4 %².
WST is close to the least connected end of NIVF's tracked universe, ranking #37 of 37. Correlation aside, the last 12 months split them widely, with WST ahead by 141.0 points (-99.9% versus +41.1%). Note the risk asymmetry: NIVF runs 20.7 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 WST: side by side
| NIVF (NewGenIvf Group Limited - Class A) | WST (West Pharmaceutical Services) | |
|---|---|---|
| 1-year return | -99.9% | +41.1% |
| 5-year return | -100.0% | -22.4% |
| Volatility (ann.) | 800.3% | 38.6% |
| Beta vs S&P 500 | 5.34 | 0.86 |
| Max drawdown (3Y) | -100.0% | -53.8% |
| Market cap | – | $24.4B |
| P/E (trailing) | 0.0 | 44.8 |
| Dividend yield | 0.00% | 0.25% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NIVF | WST |
|---|---|---|
| 2022 | – | -49.7% |
| 2023 | +6.9% | +50.0% |
| 2024 | -96.3% | -6.8% |
| 2025 | -99.3% | -15.7% |
| 2026 | -98.1% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIVF and WST good diversifiers for each other?
Yes. With a correlation of -0.49, NIVF and WST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NIVF and WST?
The NIVF/WST correlation stands at -0.49 on a 3-year window (1 year: 0.11, 5 years: -0.40), computed from weekly returns as of 2026-08-27.
Is WST a good diversifier for NIVF?
Yes. With a correlation of -0.49, NIVF and WST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.49 mean?
A reading of -0.49 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-wst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nivf-vs-wst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NIVF correlations · WST correlations
