NCSM vs RVTY: Correlation
How closely do NCS Multistage Holdings, Inc. (NCSM) and Revvity (RVTY) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCSM and RVTY?
Across a 3-year window, the weekly returns of NCSM and RVTY correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.16). Stretching to 5 years gives -0.05, with an annualized covariance of -352.6 %².
Within NCSM's tracked universe of 16 assets, RVTY comes in at #8 by 3-year correlation. On 12-month performance RVTY holds a 12.3-point edge, +34.5% against +46.8%. One caveat on sizing: NCSM is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NCSM vs RVTY: side by side
| NCSM (NCS Multistage Holdings, Inc.) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +34.5% | +46.8% |
| 5-year return | +112.6% | -30.2% |
| Volatility (ann.) | 66.0% | 34.2% |
| Beta vs S&P 500 | 0.05 | 0.81 |
| Max drawdown (3Y) | -53.3% | -35.3% |
| Market cap | $0.1B | $14.5B |
| P/E (trailing) | 9.7 | 62.4 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | NCSM | RVTY |
|---|---|---|
| 2022 | -13.8% | -30.1% |
| 2023 | -28.6% | -21.9% |
| 2024 | +45.4% | +2.4% |
| 2025 | +52.1% | -13.1% |
| 2026 | +28.6% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCSM and RVTY good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NCSM and RVTY?
As of 2026-08-27, the correlation of weekly returns between NCSM and RVTY is -0.16 over 3 years, -0.42 over 1 year and -0.05 over 5 years.
Is RVTY a good diversifier for NCSM?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/ncsm-vs-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ncsm-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NCSM correlations · RVTY correlations
