NMAD vs TRIP: Correlation
How closely do Nomad Power Solutions, Inc. (NMAD) and TripAdvisor, Inc. (TRIP) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMAD and TRIP?
Across a 3-year window, the weekly returns of NMAD and TRIP correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.33, with an annualized covariance of 4070.1 %².
By 3-year correlation, TRIP places #5 of the 14 assets tracked against NMAD. Their recent paths diverged sharply: over the last 12 months NMAD outperformed by 72.0 percentage points (+29.2% for NMAD against -42.8% for TRIP). Risk is not evenly split, since NMAD carries 3.6 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.
NMAD vs TRIP: side by side
| NMAD (Nomad Power Solutions, Inc.) | TRIP (TripAdvisor, Inc.) | |
|---|---|---|
| 1-year return | +29.2% | -42.8% |
| 5-year return | -80.2% | -71.6% |
| Volatility (ann.) | 197.9% | 54.5% |
| Beta vs S&P 500 | 0.82 | 1.14 |
| Max drawdown (3Y) | -80.8% | -67.6% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMAD | TRIP |
|---|---|---|
| 2022 | -57.1% | -34.0% |
| 2023 | -53.9% | +19.7% |
| 2024 | -13.6% | -31.4% |
| 2025 | +93.6% | -1.4% |
| 2026 | +12.5% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMAD and TRIP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NMAD and TRIP?
As of 2026-08-27, the correlation of weekly returns between NMAD and TRIP is 0.38 over 3 years, 0.01 over 1 year and 0.33 over 5 years.
Is TRIP a good diversifier for NMAD?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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
$ curl https://www.pairbook.io/api/v1/pairs/nmad-vs-trip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmad-vs-trip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMAD correlations · TRIP correlations
