NNE vs PLCE: Correlation
Nano Nuclear Energy Inc. (NNE) and Children's Place, Inc. (The) (PLCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNE and PLCE?
Across a 3-year window, the weekly returns of NNE and PLCE correlate at 0.46, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 10506.0 %².
Within NNE's tracked universe of 18 assets, PLCE comes in at #7 by 3-year correlation. The trailing year gives NNE the advantage: -41.5% versus -47.1%, a 5.6-point spread.
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.
NNE vs PLCE: side by side
| NNE (Nano Nuclear Energy Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -41.5% | -47.1% |
| 5-year return | n/a | -97.2% |
| Volatility (ann.) | 155.1% | 159.8% |
| Beta vs S&P 500 | 4.18 | 2.28 |
| Max drawdown (3Y) | -77.7% | -92.3% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNE | PLCE |
|---|---|---|
| 2022 | – | -54.1% |
| 2023 | – | -36.2% |
| 2024 | – | -55.0% |
| 2025 | -3.6% | -62.0% |
| 2026 | -19.9% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNE and PLCE good diversifiers for each other?
Reasonably. At 0.46, NNE and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NNE and PLCE?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is PLCE a good diversifier for NNE?
Reasonably. At 0.46, NNE and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: NNE correlations · PLCE correlations
