NVTS vs PRE: Correlation
Navitas Semiconductor Corporation (NVTS) and Prenetics Global Limited - Class A (PRE) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and PRE?
On 3 years of weekly data the NVTS/PRE correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.35). The 5-year figure is 0.27, and annualized covariance runs at 3798.0 %².
Among the 22 assets we track against NVTS, PRE ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRE ahead by 148.6 points (+106.1% versus +254.7%).
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.
NVTS vs PRE: side by side
| NVTS (Navitas Semiconductor Corporation) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | +106.1% | +254.7% |
| 5-year return | -2.3% | -76.5% |
| Volatility (ann.) | 122.7% | 88.4% |
| Beta vs S&P 500 | 2.11 | 0.46 |
| Max drawdown (3Y) | -81.8% | -64.9% |
| Market cap | $3.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVTS | PRE |
|---|---|---|
| 2022 | -79.4% | -74.0% |
| 2023 | +129.9% | -80.3% |
| 2024 | -55.8% | -1.9% |
| 2025 | +100.0% | +171.6% |
| 2026 | +75.2% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and PRE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVTS and PRE?
The NVTS/PRE correlation stands at 0.35 on a 3-year window (1 year: 0.18, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is PRE a good diversifier for NVTS?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/nvts-vs-pre.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: NVTS correlations · PRE correlations
