DPU vs NTIP: Correlation
How closely do Top KingWin Ltd - Class A (DPU) and Network-1 Technologies, Inc. (NTIP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPU and NTIP?
Across a 3-year window, the weekly returns of DPU and NTIP correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -959.6 %².
Among the 12 assets we track against DPU, NTIP sits near the bottom by co-movement, at rank #10. The last year tells two different stories: NTIP led by 49.1 percentage points, -36.6% for DPU against +12.5% for NTIP. Risk is not evenly split, since DPU carries 4.4 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.
DPU vs NTIP: side by side
| DPU (Top KingWin Ltd - Class A) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -36.6% | +12.5% |
| 5-year return | n/a | -36.5% |
| Volatility (ann.) | 134.1% | 30.6% |
| Beta vs S&P 500 | 1.75 | -0.04 |
| Max drawdown (3Y) | -99.9% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DPU | NTIP |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | – | +3.5% |
| 2024 | -80.6% | -35.6% |
| 2025 | -99.0% | +5.4% |
| 2026 | +4.2% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPU and NTIP good diversifiers for each other?
Yes. With a correlation of -0.23, DPU and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DPU and NTIP?
As of 2026-08-27, the correlation of weekly returns between DPU and NTIP is -0.23 over 3 years, -0.09 over 1 year and n/a over 5 years.
Is NTIP a good diversifier for DPU?
Yes. With a correlation of -0.23, DPU and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/dpu-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dpu-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPU correlations · NTIP correlations
