NBN vs RM: Correlation
Northeast Bank (NBN) and Regional Management Corp. (RM) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBN and RM?
Over the past 3 years, NBN and RM moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 675.9 %².
Within NBN's tracked universe of 13 assets, RM comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NBN ahead by 37.8 points (+17.7% versus -20.1%).
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.
NBN vs RM: side by side
| NBN (Northeast Bank) | RM (Regional Management Corp.) | |
|---|---|---|
| 1-year return | +17.7% | -20.1% |
| 5-year return | +303.8% | -32.6% |
| Volatility (ann.) | 33.6% | 38.2% |
| Beta vs S&P 500 | 0.81 | 0.91 |
| Max drawdown (3Y) | -27.6% | -31.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | 10.2 | 6.9 |
| Dividend yield | 0.03% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBN | RM |
|---|---|---|
| 2022 | +17.9% | -49.6% |
| 2023 | +31.2% | -6.6% |
| 2024 | +66.3% | +41.5% |
| 2025 | +13.3% | +18.1% |
| 2026 | +25.3% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBN and RM good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NBN and RM?
The NBN/RM correlation stands at 0.53 on a 3-year window (1 year: 0.42, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is RM a good diversifier for NBN?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/nbn-vs-rm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nbn-vs-rm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NBN correlations · RM correlations
