NTZ vs TROX: Correlation
Measured on weekly returns over the past three years, Natuzzi, S.p.A. (NTZ) and Tronox Holdings plc (TROX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTZ and TROX?
Across a 3-year window, the weekly returns of NTZ and TROX correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 1357.1 %².
Few assets follow NTZ as closely as TROX, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with TROX ahead by 103.8 points (-66.7% versus +37.1%).
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.
NTZ vs TROX: side by side
| NTZ (Natuzzi, S.p.A.) | TROX (Tronox Holdings plc) | |
|---|---|---|
| 1-year return | -66.7% | +37.1% |
| 5-year return | -93.4% | -67.8% |
| Volatility (ann.) | 52.2% | 69.1% |
| Beta vs S&P 500 | 1.05 | 1.88 |
| Max drawdown (3Y) | -86.3% | -84.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTZ | TROX |
|---|---|---|
| 2022 | -51.7% | -41.1% |
| 2023 | -12.0% | +7.4% |
| 2024 | -29.1% | -26.4% |
| 2025 | -50.8% | -55.6% |
| 2026 | -57.6% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTZ and TROX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NTZ and TROX?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.37 over the last year and 0.29 over 5 years.
Is TROX a good diversifier for NTZ?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ntz-vs-trox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntz-vs-trox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTZ correlations · TROX correlations
