KULR vs NAT: Correlation
How closely do KULR Technology Group, Inc. (KULR) and Nordic American Tankers Limited (NAT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KULR and NAT?
On 3 years of weekly data the KULR/NAT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.19 over 3. The 5-year figure is -0.09, and annualized covariance runs at -1200.8 %².
NAT is close to the least connected end of KULR's tracked universe, ranking #12 of 14. Correlation aside, the last 12 months split them widely, with NAT ahead by 181.5 points (-43.9% versus +137.6%). One caveat on sizing: KULR is 4.8 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.
KULR vs NAT: side by side
| KULR (KULR Technology Group, Inc.) | NAT (Nordic American Tankers Limited) | |
|---|---|---|
| 1-year return | -43.9% | +137.6% |
| 5-year return | -84.4% | +351.2% |
| Volatility (ann.) | 172.8% | 36.0% |
| Beta vs S&P 500 | 1.92 | 0.30 |
| Max drawdown (3Y) | -94.7% | -46.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 25.0 |
| Dividend yield | 0.00% | 9.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KULR | NAT |
|---|---|---|
| 2022 | -56.5% | +87.9% |
| 2023 | -84.2% | +55.8% |
| 2024 | +1768.4% | -33.6% |
| 2025 | -89.6% | +44.6% |
| 2026 | -10.1% | +111.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KULR and NAT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KULR and NAT?
As of 2026-08-27, the correlation of weekly returns between KULR and NAT is -0.19 over 3 years, -0.14 over 1 year and -0.09 over 5 years.
Is NAT a good diversifier for KULR?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kulr-vs-nat.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kulr-vs-nat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KULR correlations · NAT correlations
