NWTG vs SRRK: Correlation
Newton Golf Company, Inc. (NWTG) and Scholar Rock Holding Corporation (SRRK) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWTG and SRRK?
Across a 3-year window, the weekly returns of NWTG and SRRK correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.20 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -4644.4 %².
Out of 11 assets tracked against NWTG, SRRK lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months SRRK outperformed by 104.5 percentage points (-32.6% for NWTG against +71.9% for SRRK).
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.
NWTG vs SRRK: side by side
| NWTG (Newton Golf Company, Inc.) | SRRK (Scholar Rock Holding Corporation) | |
|---|---|---|
| 1-year return | -32.6% | +71.9% |
| 5-year return | n/a | +54.0% |
| Volatility (ann.) | 142.1% | 164.2% |
| Beta vs S&P 500 | 0.76 | 1.48 |
| Max drawdown (3Y) | -99.9% | -65.2% |
| Market cap | – | $7.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWTG | SRRK |
|---|---|---|
| 2022 | – | -63.6% |
| 2023 | – | +107.7% |
| 2024 | -93.9% | +129.9% |
| 2025 | -88.1% | +1.9% |
| 2026 | -17.3% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWTG and SRRK good diversifiers for each other?
Yes. With a correlation of -0.20, NWTG and SRRK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NWTG and SRRK?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.13 over the last year and n/a over 5 years.
Is SRRK a good diversifier for NWTG?
Yes. With a correlation of -0.20, NWTG and SRRK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/nwtg-vs-srrk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwtg-vs-srrk/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: NWTG correlations · SRRK correlations
