NVNI vs SOTK: Correlation
Measured on weekly returns over the past three years, Nvni Group Limited (NVNI) and Sono-Tek Corporation (SOTK) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and SOTK?
On 3 years of weekly data the NVNI/SOTK correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.21). The 5-year figure is -0.12, and annualized covariance runs at -6730.0 %².
Among the 60 assets we track against NVNI, SOTK ranks #36 by 3-year correlation. The last year tells two different stories: SOTK led by 133.1 percentage points, -83.0% for NVNI against +50.1% for SOTK. Note the risk asymmetry: NVNI runs 28.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NVNI vs SOTK: side by side
| NVNI (Nvni Group Limited) | SOTK (Sono-Tek Corporation) | |
|---|---|---|
| 1-year return | -83.0% | +50.1% |
| 5-year return | -98.9% | +46.2% |
| Volatility (ann.) | 949.3% | 33.8% |
| Beta vs S&P 500 | -4.03 | 0.46 |
| Max drawdown (3Y) | -99.3% | -46.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 38.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNI | SOTK |
|---|---|---|
| 2022 | +4.4% | -13.6% |
| 2023 | -85.4% | -15.7% |
| 2024 | +64.4% | -25.9% |
| 2025 | -89.2% | +3.0% |
| 2026 | -60.8% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and SOTK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVNI and SOTK?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.00 over the last year and -0.12 over 5 years.
Is SOTK a good diversifier for NVNI?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NVNI correlations · SOTK correlations
