DAKT vs NBN: Correlation
Measured on weekly returns over the past three years, Daktronics, Inc. (DAKT) and Northeast Bank (NBN) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and NBN?
On 3 years of weekly data the DAKT/NBN correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 737.2 %².
Few assets follow DAKT as closely as NBN, which ranks #3 of 11 tracked partners. Twelve-month performance is nearly a tie, at +13.5% for DAKT and +17.7% for NBN. Risk is not evenly split, since DAKT carries 1.5 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.
DAKT vs NBN: side by side
| DAKT (Daktronics, Inc.) | NBN (Northeast Bank) | |
|---|---|---|
| 1-year return | +13.5% | +17.7% |
| 5-year return | +222.0% | +303.8% |
| Volatility (ann.) | 51.5% | 33.6% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -42.0% | -27.6% |
| Market cap | $0.9B | – |
| P/E (trailing) | 21.1 | 10.2 |
| Dividend yield | 0.00% | 0.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAKT | NBN |
|---|---|---|
| 2022 | -44.2% | +17.9% |
| 2023 | +200.7% | +31.2% |
| 2024 | +98.8% | +66.3% |
| 2025 | +17.3% | +13.3% |
| 2026 | -0.8% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and NBN good diversifiers for each other?
Reasonably. At 0.43, DAKT and NBN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAKT and NBN?
The DAKT/NBN correlation stands at 0.43 on a 3-year window (1 year: 0.40, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is NBN a good diversifier for DAKT?
Reasonably. At 0.43, DAKT and NBN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dakt-vs-nbn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dakt-vs-nbn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAKT correlations · NBN correlations
