NOMD vs PPTA: Correlation
Measured on weekly returns over the past three years, Nomad Foods Limited (NOMD) and Perpetua Resources Corp. (PPTA) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOMD and PPTA?
On 3 years of weekly data the NOMD/PPTA correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.25 over 3. The 5-year figure is -0.07, and annualized covariance runs at -529.6 %².
Among the 14 assets we track against NOMD, PPTA sits near the bottom by co-movement, at rank #11. The last year tells two different stories: PPTA led by 58.9 percentage points, -18.2% for NOMD against +40.7% for PPTA. Risk is not evenly split, since PPTA carries 2.8 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.
NOMD vs PPTA: side by side
| NOMD (Nomad Foods Limited) | PPTA (Perpetua Resources Corp.) | |
|---|---|---|
| 1-year return | -18.2% | +40.7% |
| 5-year return | -48.6% | +427.8% |
| Volatility (ann.) | 27.7% | 77.8% |
| Beta vs S&P 500 | 0.16 | 0.85 |
| Max drawdown (3Y) | -52.8% | -54.6% |
| Market cap | – | $3.3B |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 4.83% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NOMD | PPTA |
|---|---|---|
| 2022 | -32.1% | -38.5% |
| 2023 | -1.7% | +8.6% |
| 2024 | +2.4% | +236.6% |
| 2025 | -22.1% | +126.9% |
| 2026 | +0.4% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOMD and PPTA good diversifiers for each other?
Yes. With a correlation of -0.25, NOMD and PPTA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NOMD and PPTA?
As of 2026-08-27, the correlation of weekly returns between NOMD and PPTA is -0.25 over 3 years, -0.29 over 1 year and -0.07 over 5 years.
Is PPTA a good diversifier for NOMD?
Yes. With a correlation of -0.25, NOMD and PPTA 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/nomd-vs-ppta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nomd-vs-ppta/)
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Related comparisons
Hubs: NOMD correlations · PPTA correlations
