NWSA vs PLAG: Correlation
News Corp (Class A) (NWSA) and Planet Green Holdings Corp. (PLAG) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWSA and PLAG?
On 3 years of weekly data the NWSA/PLAG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -814.9 %².
PLAG is close to the least connected end of NWSA's tracked universe, ranking #38 of 42. Their recent paths diverged sharply: over the last 12 months NWSA outperformed by 65.1 percentage points (+6.0% for NWSA against -59.1% for PLAG). One caveat on sizing: PLAG is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NWSA vs PLAG: side by side
| NWSA (News Corp (Class A)) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | +6.0% | -59.1% |
| 5-year return | +45.9% | -94.2% |
| Volatility (ann.) | 23.4% | 160.4% |
| Beta vs S&P 500 | 0.76 | -0.67 |
| Max drawdown (3Y) | -27.8% | -93.8% |
| Market cap | $16.8B | – |
| P/E (trailing) | 30.0 | – |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | NWSA | PLAG |
|---|---|---|
| 2022 | -17.6% | -39.2% |
| 2023 | +36.4% | -21.0% |
| 2024 | +13.0% | -46.9% |
| 2025 | -4.5% | -15.8% |
| 2026 | +19.9% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWSA and PLAG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between NWSA and PLAG?
As of 2026-08-27, the correlation of weekly returns between NWSA and PLAG is -0.22 over 3 years, -0.29 over 1 year and -0.10 over 5 years.
Is PLAG a good diversifier for NWSA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/nwsa-vs-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nwsa-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWSA correlations · PLAG correlations
