MCBS vs NPK: Correlation
MetroCity Bankshares, Inc. (MCBS) and National Presto Industries, Inc. (NPK) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and NPK?
On 3 years of weekly data the MCBS/NPK correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.42 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 341.2 %².
Within MCBS's tracked universe of 30 assets, NPK comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NPK outperformed by 23.4 percentage points (+20.8% for MCBS against +44.2% for NPK).
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.
MCBS vs NPK: side by side
| MCBS (MetroCity Bankshares, Inc.) | NPK (National Presto Industries, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +44.2% |
| 5-year return | +99.5% | +115.3% |
| Volatility (ann.) | 28.2% | 28.9% |
| Beta vs S&P 500 | 0.85 | 0.70 |
| Max drawdown (3Y) | -28.0% | -23.3% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 12.2 | 25.2 |
| Dividend yield | 2.95% | 0.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | NPK |
|---|---|---|
| 2022 | -19.3% | -11.8% |
| 2023 | +15.3% | +23.8% |
| 2024 | +37.1% | +29.9% |
| 2025 | -14.1% | +9.6% |
| 2026 | +35.8% | +44.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and NPK good diversifiers for each other?
Reasonably. At 0.42, MCBS and NPK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCBS and NPK?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.15 over the last year and 0.39 over 5 years.
Is NPK a good diversifier for MCBS?
Reasonably. At 0.42, MCBS and NPK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/mcbs-vs-npk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcbs-vs-npk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCBS correlations · NPK correlations
