HFBL vs NTCT: Correlation
Home Federal Bancorp, Inc. of Louisiana (HFBL) and NetScout Systems, Inc. (NTCT) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and NTCT?
Over the past 3 years, HFBL and NTCT moved with a correlation of 0.29, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.29 over 3 years. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 268.5 %².
Within HFBL's tracked universe of 12 assets, NTCT comes in at #5 by 3-year correlation. The last year tells two different stories: HFBL led by 42.6 percentage points, +102.0% for HFBL against +59.4% for NTCT.
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.
HFBL vs NTCT: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | NTCT (NetScout Systems, Inc.) | |
|---|---|---|
| 1-year return | +102.0% | +59.4% |
| 5-year return | +67.8% | +42.7% |
| Volatility (ann.) | 30.5% | 30.4% |
| Beta vs S&P 500 | 0.12 | 0.85 |
| Max drawdown (3Y) | -28.6% | -38.4% |
| Market cap | $0.1B | $2.9B |
| P/E (trailing) | 12.6 | 23.5 |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFBL | NTCT |
|---|---|---|
| 2022 | -14.2% | -1.7% |
| 2023 | -13.5% | -32.5% |
| 2024 | -8.9% | -1.3% |
| 2025 | +49.2% | +24.9% |
| 2026 | +44.7% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and NTCT good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HFBL and NTCT?
The HFBL/NTCT correlation stands at 0.29 on a 3-year window (1 year: 0.18, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is NTCT a good diversifier for HFBL?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 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/hfbl-vs-ntct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hfbl-vs-ntct/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HFBL correlations · NTCT correlations
