NVCR vs RKDA: Correlation
How closely do NovoCure Limited (NVCR) and Arcadia Biosciences, Inc. (RKDA) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVCR and RKDA?
Across a 3-year window, the weekly returns of NVCR and RKDA correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.44 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 3073.2 %².
In NVCR's tracked universe of 12 assets, RKDA sits right near the top at #2. The last year tells two different stories: NVCR led by 137.6 percentage points, +51.0% for NVCR against -86.6% for RKDA.
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.
NVCR vs RKDA: side by side
| NVCR (NovoCure Limited) | RKDA (Arcadia Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +51.0% | -86.6% |
| 5-year return | -86.6% | -99.5% |
| Volatility (ann.) | 70.1% | 100.4% |
| Beta vs S&P 500 | 1.51 | 1.40 |
| Max drawdown (3Y) | -70.0% | -93.4% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVCR | RKDA |
|---|---|---|
| 2022 | -2.3% | -73.9% |
| 2023 | -79.6% | -71.1% |
| 2024 | +99.6% | +89.1% |
| 2025 | -56.6% | -66.6% |
| 2026 | +39.1% | -74.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVCR and RKDA good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVCR and RKDA?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.25 over the last year and 0.32 over 5 years.
Is RKDA a good diversifier for NVCR?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/nvcr-vs-rkda.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvcr-vs-rkda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVCR correlations · RKDA correlations
