NGS vs PR: Correlation
Natural Gas Services Group, Inc. (NGS) and Permian Resources Corporation (PR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGS and PR?
Across a 3-year window, the weekly returns of NGS and PR correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.57 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 911.2 %².
Among the 13 assets we track against NGS, PR ranks #4 by 3-year correlation. The last year tells two different stories: PR led by 32.4 percentage points, +37.9% for NGS against +70.3% for PR.
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.
NGS vs PR: side by side
| NGS (Natural Gas Services Group, Inc.) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +37.9% | +70.3% |
| 5-year return | +274.7% | +430.6% |
| Volatility (ann.) | 45.0% | 35.4% |
| Beta vs S&P 500 | 0.87 | 0.39 |
| Max drawdown (3Y) | -40.9% | -39.9% |
| Market cap | $0.5B | $19.4B |
| P/E (trailing) | 21.7 | 14.7 |
| Dividend yield | 1.35% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NGS | PR |
|---|---|---|
| 2022 | +9.5% | +57.9% |
| 2023 | +40.3% | +49.4% |
| 2024 | +66.7% | +10.7% |
| 2025 | +26.5% | +1.9% |
| 2026 | +6.3% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGS and PR good diversifiers for each other?
Only partially. A correlation of 0.57 means NGS and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NGS and PR?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.39 over the last year and 0.49 over 5 years.
Is PR a good diversifier for NGS?
Only partially. A correlation of 0.57 means NGS and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/ngs-vs-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ngs-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NGS correlations · PR correlations
