NSPR vs PCAR: Correlation
InspireMD Inc. (NSPR) and Paccar (PCAR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSPR and PCAR?
On 3 years of weekly data the NSPR/PCAR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -305.9 %².
Among the 13 assets we track against NSPR, PCAR sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months PCAR outperformed by 91.4 percentage points (-63.6% for NSPR against +27.8% for PCAR). One caveat on sizing: NSPR is 2.4 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.
NSPR vs PCAR: side by side
| NSPR (InspireMD Inc.) | PCAR (Paccar) | |
|---|---|---|
| 1-year return | -63.6% | +27.8% |
| 5-year return | -80.3% | +177.9% |
| Volatility (ann.) | 58.4% | 24.1% |
| Beta vs S&P 500 | 0.05 | 0.74 |
| Max drawdown (3Y) | -82.8% | -27.7% |
| Market cap | – | $66.6B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NSPR | PCAR |
|---|---|---|
| 2022 | -71.5% | +17.0% |
| 2023 | +226.7% | +55.0% |
| 2024 | -6.4% | +10.8% |
| 2025 | -32.3% | +8.0% |
| 2026 | -50.1% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSPR and PCAR good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NSPR and PCAR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.21 over the last year and -0.08 over 5 years.
Is PCAR a good diversifier for NSPR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nspr-vs-pcar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nspr-vs-pcar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NSPR correlations · PCAR correlations
