ASND vs NTIP: Correlation
How closely do Ascendis Pharma A/S (ASND) and Network-1 Technologies, Inc. (NTIP) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASND and NTIP?
Over the past 3 years, ASND and NTIP moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (-0.00) than the 3-year average (0.30). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 368.5 %².
Within ASND's tracked universe of 11 assets, NTIP comes in at #6 by 3-year correlation. The last year tells two different stories: ASND led by 16.7 percentage points, +29.2% for ASND against +12.5% for NTIP.
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.
ASND vs NTIP: side by side
| ASND (Ascendis Pharma A/S) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | +12.5% |
| 5-year return | +61.6% | -36.5% |
| Volatility (ann.) | 40.2% | 30.6% |
| Beta vs S&P 500 | 0.69 | -0.04 |
| Max drawdown (3Y) | -29.2% | -49.9% |
| Market cap | $16.4B | – |
| P/E (trailing) | 19.1 | – |
| Dividend yield | 0.00% | 6.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASND | NTIP |
|---|---|---|
| 2022 | -9.2% | -18.7% |
| 2023 | +3.1% | +3.5% |
| 2024 | +9.3% | -35.6% |
| 2025 | +54.9% | +5.4% |
| 2026 | +16.9% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASND and NTIP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASND and NTIP?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.00 over the last year and 0.18 over 5 years.
Is NTIP a good diversifier for ASND?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asnd-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asnd-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASND correlations · NTIP correlations
