NWTG vs VBIO: Correlation
Newton Golf Company, Inc. (NWTG) and Valion Bio, Inc. (VBIO) 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 NWTG and VBIO?
Over the past 3 years, NWTG and VBIO moved with a correlation of 0.35, which is moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7448.6 %².
By 3-year correlation, VBIO places #5 of the 11 assets tracked against NWTG. The last year tells two different stories: NWTG led by 63.4 percentage points, -32.6% for NWTG against -96.0% for VBIO.
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 VBIO: side by side
| NWTG (Newton Golf Company, Inc.) | VBIO (Valion Bio, Inc.) | |
|---|---|---|
| 1-year return | -32.6% | -96.0% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 142.1% | 147.8% |
| Beta vs S&P 500 | 0.76 | 1.27 |
| Max drawdown (3Y) | -99.9% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWTG | VBIO |
|---|---|---|
| 2022 | – | -83.5% |
| 2023 | – | -97.2% |
| 2024 | -93.9% | -80.8% |
| 2025 | -88.1% | -75.3% |
| 2026 | -17.3% | -91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWTG and VBIO good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NWTG and VBIO?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is VBIO a good diversifier for NWTG?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/nwtg-vs-vbio.json
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[](https://www.pairbook.io/pair/nwtg-vs-vbio/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NWTG correlations · VBIO correlations
