NABL vs SKM: Correlation
N-able, Inc. (NABL) and SK Telecom Co., Ltd. (SKM) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NABL and SKM?
Over the past 3 years, NABL and SKM moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.33). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -510.9 %².
Out of 13 assets tracked against NABL, SKM lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with SKM ahead by 130.6 points (-50.5% versus +80.1%). Note the risk asymmetry: NABL runs 1.6 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.
NABL vs SKM: side by side
| NABL (N-able, Inc.) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | -50.5% | +80.1% |
| 5-year return | -69.9% | +83.7% |
| Volatility (ann.) | 49.3% | 31.3% |
| Beta vs S&P 500 | 0.78 | 0.32 |
| Max drawdown (3Y) | -80.4% | -35.6% |
| Market cap | $0.7B | $15.2B |
| P/E (trailing) | – | 29.0 |
| Dividend yield | 0.00% | 4170.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NABL | SKM |
|---|---|---|
| 2022 | -7.4% | -17.8% |
| 2023 | +28.9% | +11.6% |
| 2024 | -29.5% | +2.9% |
| 2025 | -19.9% | +1.0% |
| 2026 | -47.2% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NABL and SKM good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between NABL and SKM?
As of 2026-08-27, the correlation of weekly returns between NABL and SKM is -0.33 over 3 years, -0.46 over 1 year and -0.25 over 5 years.
Is SKM a good diversifier for NABL?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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/nabl-vs-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nabl-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NABL correlations · SKM correlations
