AXR vs NSTS: Correlation
How closely do AMREP Corporation (AXR) and NSTS Bancorp, Inc. (NSTS) 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 AXR and NSTS?
On 3 years of weekly data the AXR/NSTS correlation comes out at 0.30, moderate. The past 12 months show a weaker link (-0.01) than the 3-year average (0.30). The 5-year figure is 0.25, and annualized covariance runs at 283.1 %².
Among the 11 assets we track against AXR, NSTS ranks #6 by 3-year correlation. The trailing year gives NSTS the advantage: +4.1% versus +17.9%, a 13.8-point spread. Note the risk asymmetry: AXR runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AXR vs NSTS: side by side
| AXR (AMREP Corporation) | NSTS (NSTS Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +4.1% | +17.9% |
| 5-year return | +60.4% | +11.4% |
| Volatility (ann.) | 48.9% | 19.0% |
| Beta vs S&P 500 | 0.44 | 0.01 |
| Max drawdown (3Y) | -52.3% | -18.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | NSTS |
|---|---|---|
| 2022 | -24.0% | – |
| 2023 | +90.2% | -6.1% |
| 2024 | +42.9% | +24.1% |
| 2025 | -40.1% | +9.7% |
| 2026 | +22.1% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and NSTS 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 AXR and NSTS?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.01 over the last year and 0.25 over 5 years.
Is NSTS a good diversifier for AXR?
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/axr-vs-nsts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axr-vs-nsts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXR correlations · NSTS correlations
