EBMT vs NATH: Correlation
Eagle Bancorp Montana, Inc. (EBMT) and Nathan's Famous, Inc. (NATH) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBMT and NATH?
On 3 years of weekly data the EBMT/NATH correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.48). The 5-year figure is 0.32, and annualized covariance runs at 306.0 %².
By 3-year correlation, NATH places #6 of the 12 assets tracked against EBMT. Their recent paths diverged sharply: over the last 12 months EBMT outperformed by 37.7 percentage points (+32.2% for EBMT against -5.5% for NATH).
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.
EBMT vs NATH: side by side
| EBMT (Eagle Bancorp Montana, Inc.) | NATH (Nathan's Famous, Inc.) | |
|---|---|---|
| 1-year return | +32.2% | -5.5% |
| 5-year return | +21.5% | +68.7% |
| Volatility (ann.) | 25.2% | 25.3% |
| Beta vs S&P 500 | 0.51 | 0.50 |
| Max drawdown (3Y) | -22.2% | -19.5% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | 11.0 | 20.2 |
| Dividend yield | 2.56% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBMT | NATH |
|---|---|---|
| 2022 | -27.8% | +18.7% |
| 2023 | +1.9% | +19.2% |
| 2024 | +1.1% | +3.5% |
| 2025 | +34.4% | +24.6% |
| 2026 | +14.8% | +5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBMT and NATH good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EBMT and NATH?
The EBMT/NATH correlation stands at 0.48 on a 3-year window (1 year: 0.13, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is NATH a good diversifier for EBMT?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/ebmt-vs-nath.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ebmt-vs-nath/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EBMT correlations · NATH correlations
