FUSB vs NCEL: Correlation
Measured on weekly returns over the past three years, First US Bancshares, Inc. (FUSB) and NewcelX Ltd. (NCEL) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSB and NCEL?
Across a 3-year window, the weekly returns of FUSB and NCEL correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -814.3 %².
NCEL is close to the least connected end of FUSB's tracked universe, ranking #16 of 16. Their recent paths diverged sharply: over the last 12 months FUSB outperformed by 138.9 percentage points (+54.3% for FUSB against -84.6% for NCEL). One caveat on sizing: NCEL is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FUSB vs NCEL: side by side
| FUSB (First US Bancshares, Inc.) | NCEL (NewcelX Ltd.) | |
|---|---|---|
| 1-year return | +54.3% | -84.6% |
| 5-year return | +66.8% | -99.6% |
| Volatility (ann.) | 26.1% | 118.9% |
| Beta vs S&P 500 | 0.21 | 0.68 |
| Max drawdown (3Y) | -23.2% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 1.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSB | NCEL |
|---|---|---|
| 2022 | -16.7% | +16.2% |
| 2023 | +21.6% | -54.3% |
| 2024 | +24.5% | -91.1% |
| 2025 | +13.4% | -91.0% |
| 2026 | +18.1% | +80.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSB and NCEL good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FUSB and NCEL?
As of 2026-08-27, the correlation of weekly returns between FUSB and NCEL is -0.26 over 3 years, -0.22 over 1 year and -0.06 over 5 years.
Is NCEL a good diversifier for FUSB?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/fusb-vs-ncel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fusb-vs-ncel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUSB correlations · NCEL correlations
