NHC vs PNTG: Correlation
How closely do National HealthCare Corporation (NHC) and The Pennant Group, Inc. (PNTG) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHC and PNTG?
On 3 years of weekly data the NHC/PNTG correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 467.5 %².
Within NHC's tracked universe of 11 assets, PNTG comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NHC outperformed by 47.5 percentage points (+101.9% for NHC against +54.4% for PNTG).
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.
NHC vs PNTG: side by side
| NHC (National HealthCare Corporation) | PNTG (The Pennant Group, Inc.) | |
|---|---|---|
| 1-year return | +101.9% | +54.4% |
| 5-year return | +243.9% | +30.0% |
| Volatility (ann.) | 29.9% | 34.4% |
| Beta vs S&P 500 | 0.50 | 0.71 |
| Max drawdown (3Y) | -33.4% | -40.2% |
| Market cap | $3.5B | $1.3B |
| P/E (trailing) | 25.0 | 42.0 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHC | PNTG |
|---|---|---|
| 2022 | -9.4% | -52.4% |
| 2023 | +60.8% | +26.8% |
| 2024 | +19.0% | +90.5% |
| 2025 | +30.3% | +6.1% |
| 2026 | +63.3% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHC and PNTG good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NHC and PNTG?
The NHC/PNTG correlation stands at 0.45 on a 3-year window (1 year: 0.48, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is PNTG a good diversifier for NHC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/nhc-vs-pntg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nhc-vs-pntg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NHC correlations · PNTG correlations
