NCSM vs UK: Correlation
How closely do NCS Multistage Holdings, Inc. (NCSM) and Ucommune International Ltd - Class A (UK) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCSM and UK?
Across a 3-year window, the weekly returns of NCSM and UK correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -905.8 %².
By 3-year correlation, UK places #10 of the 16 assets tracked against NCSM. Their recent paths diverged sharply: over the last 12 months NCSM outperformed by 114.5 percentage points (+34.5% for NCSM against -80.0% for UK).
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 UK: side by side
| NCSM (NCS Multistage Holdings, Inc.) | UK (Ucommune International Ltd - Class A) | |
|---|---|---|
| 1-year return | +34.5% | -80.0% |
| 5-year return | +112.6% | -99.9% |
| Volatility (ann.) | 66.0% | 67.7% |
| Beta vs S&P 500 | 0.05 | 0.52 |
| Max drawdown (3Y) | -53.3% | -96.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCSM | UK |
|---|---|---|
| 2022 | -13.8% | -89.3% |
| 2023 | -28.6% | -79.1% |
| 2024 | +45.4% | -68.3% |
| 2025 | +52.1% | -46.4% |
| 2026 | +28.6% | -67.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCSM and UK good diversifiers for each other?
Yes. With a correlation of -0.20, NCSM and UK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NCSM and UK?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.30 over the last year and -0.12 over 5 years.
Is UK a good diversifier for NCSM?
Yes. With a correlation of -0.20, NCSM and UK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-uk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ncsm-vs-uk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NCSM correlations · UK correlations
