NMAD vs SONM: Correlation
How closely do Nomad Power Solutions, Inc. (NMAD) and DNA X, Inc. (SONM) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMAD and SONM?
Across a 3-year window, the weekly returns of NMAD and SONM correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.25 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -5363.5 %².
SONM is close to the least connected end of NMAD's tracked universe, ranking #10 of 14. Correlation aside, the last 12 months split them widely, with NMAD ahead by 98.4 points (+29.2% versus -69.2%). One caveat on sizing: NMAD is 1.9 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.
NMAD vs SONM: side by side
| NMAD (Nomad Power Solutions, Inc.) | SONM (DNA X, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | -69.2% |
| 5-year return | -80.2% | -99.6% |
| Volatility (ann.) | 197.9% | 106.4% |
| Beta vs S&P 500 | 0.82 | 0.06 |
| Max drawdown (3Y) | -80.8% | -98.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMAD | SONM |
|---|---|---|
| 2022 | -57.1% | -53.9% |
| 2023 | -53.9% | +72.9% |
| 2024 | -13.6% | -57.1% |
| 2025 | +93.6% | -94.5% |
| 2026 | +12.5% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMAD and SONM good diversifiers for each other?
Yes. With a correlation of -0.25, NMAD and SONM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NMAD and SONM?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.04 over the last year and -0.09 over 5 years.
Is SONM a good diversifier for NMAD?
Yes. With a correlation of -0.25, NMAD and SONM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/nmad-vs-sonm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmad-vs-sonm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMAD correlations · SONM correlations
