FTH vs NCI: Correlation
How closely do Faeth Therapeutics, Inc. (FTH) and Neo-Concept International Group Holdings Limited - Class A (NCI) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTH and NCI?
Across a 3-year window, the weekly returns of FTH and NCI correlate at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.40 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 15517.3 %².
Within FTH's tracked universe of 19 assets, NCI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTH ahead by 326.5 points (+320.7% versus -5.8%).
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.
FTH vs NCI: side by side
| FTH (Faeth Therapeutics, Inc.) | NCI (Neo-Concept International Group Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +320.7% | -5.8% |
| 5-year return | -83.6% | n/a |
| Volatility (ann.) | 189.5% | 184.4% |
| Beta vs S&P 500 | 1.77 | -0.24 |
| Max drawdown (3Y) | -84.3% | -99.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 154.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTH | NCI |
|---|---|---|
| 2022 | -74.3% | – |
| 2023 | -53.6% | – |
| 2024 | -29.2% | – |
| 2025 | +8.9% | -65.8% |
| 2026 | +216.2% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and NCI good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FTH and NCI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.52 over the last year and n/a over 5 years.
Is NCI a good diversifier for FTH?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/fth-vs-nci.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fth-vs-nci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTH correlations · NCI correlations
