NA vs NTIP: Correlation
How closely do Nano Labs Ltd - Class A (NA) and Network-1 Technologies, Inc. (NTIP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NA and NTIP?
On 3 years of weekly data the NA/NTIP correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.22). The 5-year figure is -0.15, and annualized covariance runs at -1200.8 %².
NTIP is close to the least connected end of NA's tracked universe, ranking #15 of 17. The last year tells two different stories: NTIP led by 77.8 percentage points, -65.3% for NA against +12.5% for NTIP. Note the risk asymmetry: NA runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NA vs NTIP: side by side
| NA (Nano Labs Ltd - Class A) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -65.3% | +12.5% |
| 5-year return | -98.2% | -36.5% |
| Volatility (ann.) | 181.1% | 30.6% |
| Beta vs S&P 500 | 0.36 | -0.04 |
| Max drawdown (3Y) | -92.7% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | 2.1 | – |
| Dividend yield | 0.00% | 6.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NA | NTIP |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | +57.4% | +3.5% |
| 2024 | -50.5% | -35.6% |
| 2025 | -64.8% | +5.4% |
| 2026 | -32.7% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NA and NTIP good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NA and NTIP?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.07 over the last year and -0.15 over 5 years.
Is NTIP a good diversifier for NA?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/na-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/na-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NA correlations · NTIP correlations
