NKSH vs OKUR: Correlation
National Bankshares, Inc. (NKSH) and OnKure Therapeutics, Inc. (OKUR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NKSH and OKUR?
Over the past 3 years, NKSH and OKUR moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -613.5 %².
Among the 13 assets we track against NKSH, OKUR sits near the bottom by co-movement, at rank #11. Twelve-month performance is nearly a tie, at +36.6% for NKSH and +36.8% for OKUR. Risk is not evenly split, since OKUR carries 2.4 times the volatility of the other side.
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.
NKSH vs OKUR: side by side
| NKSH (National Bankshares, Inc.) | OKUR (OnKure Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +36.6% | +36.8% |
| 5-year return | +44.9% | -96.0% |
| Volatility (ann.) | 33.9% | 81.5% |
| Beta vs S&P 500 | 0.73 | 0.59 |
| Max drawdown (3Y) | -31.0% | -97.8% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 3.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NKSH | OKUR |
|---|---|---|
| 2022 | +17.2% | -72.7% |
| 2023 | -13.1% | -31.3% |
| 2024 | -6.8% | -46.2% |
| 2025 | +23.3% | -66.3% |
| 2026 | +24.0% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NKSH and OKUR good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NKSH and OKUR?
The NKSH/OKUR correlation stands at -0.22 on a 3-year window (1 year: -0.06, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is OKUR a good diversifier for NKSH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: NKSH correlations · OKUR correlations
