BA vs NMTC: Correlation
How closely do Boeing (BA) and NeuroOne Medical Technologies Corporation (NMTC) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and NMTC?
Over the past 3 years, BA and NMTC moved with a correlation of 0.31, which is moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 930.4 %².
Among the 37 assets we track against BA, NMTC ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BA ahead by 45.1 points (-10.9% versus -56.0%). Risk is not evenly split, since NMTC carries 2.3 times the volatility of the other side.
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.
BA vs NMTC: side by side
| BA (Boeing) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | -10.9% | -56.0% |
| 5-year return | -3.6% | -91.3% |
| Volatility (ann.) | 36.4% | 83.8% |
| Beta vs S&P 500 | 1.43 | 1.16 |
| Max drawdown (3Y) | -48.3% | -86.8% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | NMTC |
|---|---|---|
| 2022 | -5.4% | -38.1% |
| 2023 | +36.8% | +31.7% |
| 2024 | -32.1% | -47.7% |
| 2025 | +22.7% | -8.2% |
| 2026 | -3.3% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and NMTC good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BA and NMTC?
As of 2026-08-27, the correlation of weekly returns between BA and NMTC is 0.31 over 3 years, 0.23 over 1 year and 0.16 over 5 years.
Is NMTC a good diversifier for BA?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/ba-vs-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · NMTC correlations
