HUMA vs NTWK: Correlation
How closely do Humacyte, Inc. (HUMA) and NETSOL Technologies Inc. (NTWK) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUMA and NTWK?
Across a 3-year window, the weekly returns of HUMA and NTWK correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 1778.8 %².
Among the 11 assets we track against HUMA, NTWK sits near the bottom by co-movement, at rank #7. The last year tells two different stories: NTWK led by 55.2 percentage points, -54.7% for HUMA against +0.5% for NTWK. Risk is not evenly split, since HUMA carries 2.2 times the volatility of the other side.
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.
HUMA vs NTWK: side by side
| HUMA (Humacyte, Inc.) | NTWK (NETSOL Technologies Inc.) | |
|---|---|---|
| 1-year return | -54.7% | +0.5% |
| 5-year return | -94.8% | -4.3% |
| Volatility (ann.) | 103.1% | 47.2% |
| Beta vs S&P 500 | 2.71 | 0.85 |
| Max drawdown (3Y) | -94.2% | -46.4% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 26.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUMA | NTWK |
|---|---|---|
| 2022 | -70.9% | -27.0% |
| 2023 | +34.6% | -23.9% |
| 2024 | +77.8% | +19.1% |
| 2025 | -81.0% | +15.6% |
| 2026 | -27.9% | +32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUMA and NTWK good diversifiers for each other?
Reasonably. At 0.37, HUMA and NTWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUMA and NTWK?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.33 over the last year and 0.32 over 5 years.
Is NTWK a good diversifier for HUMA?
Reasonably. At 0.37, HUMA and NTWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/huma-vs-ntwk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/huma-vs-ntwk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUMA correlations · NTWK correlations
