CULP vs NTIP: Correlation
Measured on weekly returns over the past three years, Culp, Inc. (CULP) and Network-1 Technologies, Inc. (NTIP) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and NTIP?
Across a 3-year window, the weekly returns of CULP and NTIP correlate at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.28 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 340.3 %².
Among the 11 assets we track against CULP, NTIP ranks #6 by 3-year correlation. The last year tells two different stories: NTIP led by 30.4 percentage points, -17.9% for CULP 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.
CULP vs NTIP: side by side
| CULP (Culp, Inc.) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | +12.5% |
| 5-year return | -73.3% | -36.5% |
| Volatility (ann.) | 39.5% | 30.6% |
| Beta vs S&P 500 | 0.60 | -0.04 |
| Max drawdown (3Y) | -58.6% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | NTIP |
|---|---|---|
| 2022 | -50.4% | -18.7% |
| 2023 | +26.1% | +3.5% |
| 2024 | +1.4% | -35.6% |
| 2025 | -39.4% | +5.4% |
| 2026 | -3.8% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and NTIP good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CULP and NTIP?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.05 over the last year and 0.27 over 5 years.
Is NTIP a good diversifier for CULP?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/culp-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/culp-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CULP correlations · NTIP correlations
