NRSN vs PLUG: Correlation
Measured on weekly returns over the past three years, NeuroSense Therapeutics Ltd. (NRSN) and Plug Power, Inc. (PLUG) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRSN and PLUG?
Across a 3-year window, the weekly returns of NRSN and PLUG correlate at 0.33, moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.33). Stretching to 5 years gives 0.24, with an annualized covariance of 3865.0 %².
Among the 10 assets we track against NRSN, PLUG ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLUG outperformed by 100.9 percentage points (-60.8% for NRSN against +40.1% for PLUG).
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.
NRSN vs PLUG: side by side
| NRSN (NeuroSense Therapeutics Ltd.) | PLUG (Plug Power, Inc.) | |
|---|---|---|
| 1-year return | -60.8% | +40.1% |
| 5-year return | -89.1% | -91.3% |
| Volatility (ann.) | 118.6% | 98.9% |
| Beta vs S&P 500 | 1.68 | 1.49 |
| Max drawdown (3Y) | -85.9% | -92.1% |
| Market cap | – | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRSN | PLUG |
|---|---|---|
| 2022 | -50.4% | -56.2% |
| 2023 | -35.7% | -63.6% |
| 2024 | +52.9% | -52.7% |
| 2025 | -35.9% | -7.5% |
| 2026 | -42.9% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRSN and PLUG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NRSN and PLUG?
The NRSN/PLUG correlation stands at 0.33 on a 3-year window (1 year: -0.03, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is PLUG a good diversifier for NRSN?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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: NRSN correlations · PLUG correlations
