BCC vs NCMI: Correlation
Measured on weekly returns over the past three years, Boise Cascade, L.L.C. (BCC) and National CineMedia, Inc. (NCMI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and NCMI?
On 3 years of weekly data the BCC/NCMI correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 710.8 %².
NCMI is close to the least connected end of BCC's tracked universe, ranking #20 of 24. Their recent paths diverged sharply: over the last 12 months BCC outperformed by 31.1 percentage points (-9.5% for BCC against -40.6% for NCMI).
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.
BCC vs NCMI: side by side
| BCC (Boise Cascade, L.L.C.) | NCMI (National CineMedia, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -40.6% |
| 5-year return | +71.4% | -88.8% |
| Volatility (ann.) | 36.4% | 51.6% |
| Beta vs S&P 500 | 0.99 | 0.73 |
| Max drawdown (3Y) | -56.5% | -68.9% |
| Market cap | $2.7B | $0.2B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 3.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | NCMI |
|---|---|---|
| 2022 | +1.5% | -91.7% |
| 2023 | +106.6% | +88.2% |
| 2024 | -4.0% | +60.4% |
| 2025 | -37.5% | -39.9% |
| 2026 | +7.7% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and NCMI good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCC and NCMI?
The BCC/NCMI correlation stands at 0.38 on a 3-year window (1 year: 0.22, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is NCMI a good diversifier for BCC?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/bcc-vs-ncmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-ncmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCC correlations · NCMI correlations
