NMTC vs PARA: Correlation
Measured on weekly returns over the past three years, NeuroOne Medical Technologies Corporation (NMTC) and Banzai International, Inc. (PARA) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMTC and PARA?
Over the past 3 years, NMTC and PARA moved with a correlation of 0.25, which is weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 2351.0 %².
Among the 13 assets we track against NMTC, PARA ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NMTC ahead by 42.2 points (-56.0% versus -98.2%).
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.
NMTC vs PARA: side by side
| NMTC (NeuroOne Medical Technologies Corporation) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -98.2% |
| 5-year return | -91.3% | -100.0% |
| Volatility (ann.) | 83.8% | 114.5% |
| Beta vs S&P 500 | 1.16 | -0.02 |
| Max drawdown (3Y) | -86.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMTC | PARA |
|---|---|---|
| 2022 | -38.1% | +3.7% |
| 2023 | +31.7% | -81.4% |
| 2024 | -47.7% | -98.4% |
| 2025 | -8.2% | -93.7% |
| 2026 | -56.5% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMTC and PARA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NMTC and PARA?
As of 2026-08-27, the correlation of weekly returns between NMTC and PARA is 0.25 over 3 years, 0.32 over 1 year and 0.13 over 5 years.
Is PARA a good diversifier for NMTC?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 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.
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Related comparisons
Hubs: NMTC correlations · PARA correlations
