FTI vs NPKI: Correlation
How closely do TechnipFMC plc (FTI) and NPK International Inc. (NPKI) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and NPKI?
On 3 years of weekly data the FTI/NPKI correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.52 over 3. The 5-year figure is 0.52, and annualized covariance runs at 773.3 %².
Among the 14 assets we track against FTI, NPKI ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTI ahead by 77.8 points (+109.4% versus +31.6%).
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.
FTI vs NPKI: side by side
| FTI (TechnipFMC plc) | NPKI (NPK International Inc.) | |
|---|---|---|
| 1-year return | +109.4% | +31.6% |
| 5-year return | +1078.9% | +429.3% |
| Volatility (ann.) | 36.4% | 41.0% |
| Beta vs S&P 500 | 0.70 | 0.88 |
| Max drawdown (3Y) | -28.9% | -42.1% |
| Market cap | $29.9B | $1.2B |
| P/E (trailing) | 26.5 | 28.8 |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | NPKI |
|---|---|---|
| 2022 | +105.9% | +41.2% |
| 2023 | +66.1% | +60.0% |
| 2024 | +44.8% | +15.5% |
| 2025 | +54.9% | +55.4% |
| 2026 | +71.6% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and NPKI good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FTI and NPKI?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.52 over 5 years.
Is NPKI a good diversifier for FTI?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fti-vs-npki.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fti-vs-npki/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTI correlations · NPKI correlations
