NBR vs RES: Correlation
Measured on weekly returns over the past three years, Nabors Industries Ltd. (NBR) and RPC, Inc. (RES) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBR and RES?
Across a 3-year window, the weekly returns of NBR and RES correlate at 0.71, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 2038.8 %².
By 3-year correlation, RES places #7 of the 18 assets tracked against NBR. Correlation aside, the last 12 months split them widely, with NBR ahead by 112.8 points (+153.3% versus +40.5%).
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.
NBR vs RES: side by side
| NBR (Nabors Industries Ltd.) | RES (RPC, Inc.) | |
|---|---|---|
| 1-year return | +153.3% | +40.5% |
| 5-year return | +10.3% | +84.8% |
| Volatility (ann.) | 65.2% | 44.2% |
| Beta vs S&P 500 | 0.88 | 0.56 |
| Max drawdown (3Y) | -82.2% | -51.9% |
| Market cap | $1.4B | $1.4B |
| P/E (trailing) | 5.9 | 58.2 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBR | RES |
|---|---|---|
| 2022 | +91.0% | +96.7% |
| 2023 | -47.3% | -16.4% |
| 2024 | -30.0% | -16.4% |
| 2025 | -5.0% | -5.5% |
| 2026 | +68.8% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBR and RES good diversifiers for each other?
To a limited degree. At 0.71 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 NBR and RES?
As of 2026-08-27, the correlation of weekly returns between NBR and RES is 0.71 over 3 years, 0.61 over 1 year and 0.75 over 5 years.
Is RES a good diversifier for NBR?
To a limited degree. At 0.71 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 0.71 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/nbr-vs-res.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nbr-vs-res/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NBR correlations · RES correlations
