FEED vs NTIC: Correlation
Measured on weekly returns over the past three years, ENvue Medical, Inc. (FEED) and Northern Technologies International Corporation (NTIC) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and NTIC?
Across a 3-year window, the weekly returns of FEED and NTIC correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -1995.1 %².
Among the 17 assets we track against FEED, NTIC sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months NTIC outperformed by 102.3 percentage points (-93.7% for FEED against +8.6% for NTIC). Note the risk asymmetry: FEED runs 5.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FEED vs NTIC: side by side
| FEED (ENvue Medical, Inc.) | NTIC (Northern Technologies International Corporation) | |
|---|---|---|
| 1-year return | -93.7% | +8.6% |
| 5-year return | -100.0% | -46.9% |
| Volatility (ann.) | 207.5% | 35.6% |
| Beta vs S&P 500 | 2.43 | 0.01 |
| Max drawdown (3Y) | -99.9% | -63.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEED | NTIC |
|---|---|---|
| 2022 | -75.8% | -10.9% |
| 2023 | -77.2% | -9.4% |
| 2024 | -48.7% | +16.7% |
| 2025 | -96.4% | -41.4% |
| 2026 | -84.1% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and NTIC good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEED and NTIC?
As of 2026-08-27, the correlation of weekly returns between FEED and NTIC is -0.27 over 3 years, -0.24 over 1 year and -0.17 over 5 years.
Is NTIC a good diversifier for FEED?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FEED correlations · NTIC correlations
