NVNO vs UCFI: Correlation
Measured on weekly returns over the past three years, enVVeno Medical Corporation (NVNO) and CN Healthy Food Tech Group Corp. (UCFI) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNO and UCFI?
On 3 years of weekly data the NVNO/UCFI correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.37). The 5-year figure is n/a, and annualized covariance runs at -2135.6 %².
Out of 13 assets tracked against NVNO, UCFI lands near the bottom at #13. The trailing year gives UCFI the advantage: -64.5% versus -54.1%, a 10.4-point spread.
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.
NVNO vs UCFI: side by side
| NVNO (enVVeno Medical Corporation) | UCFI (CN Healthy Food Tech Group Corp.) | |
|---|---|---|
| 1-year return | -64.5% | -54.1% |
| 5-year return | -95.8% | n/a |
| Volatility (ann.) | 85.0% | 66.8% |
| Beta vs S&P 500 | 1.44 | -0.21 |
| Max drawdown (3Y) | -96.3% | -67.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 30.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVNO | UCFI |
|---|---|---|
| 2022 | -22.6% | – |
| 2023 | +0.8% | – |
| 2024 | -41.2% | – |
| 2025 | -89.4% | -46.5% |
| 2026 | +0.0% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNO and UCFI good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVNO and UCFI?
As of 2026-08-27, the correlation of weekly returns between NVNO and UCFI is -0.37 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is UCFI a good diversifier for NVNO?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 mean?
A reading of -0.37 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/nvno-vs-ucfi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvno-vs-ucfi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVNO correlations · UCFI correlations
