NPCE vs SO: Correlation
Neuropace, Inc. (NPCE) and Southern Company (SO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPCE and SO?
Across a 3-year window, the weekly returns of NPCE and SO correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.24). Stretching to 5 years gives -0.10, with an annualized covariance of -273.0 %².
Among the 11 assets we track against NPCE, SO sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months NPCE outperformed by 60.5 percentage points (+59.1% for NPCE against -1.4% for SO). One caveat on sizing: NPCE is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NPCE vs SO: side by side
| NPCE (Neuropace, Inc.) | SO (Southern Company) | |
|---|---|---|
| 1-year return | +59.1% | -1.4% |
| 5-year return | -32.7% | +62.6% |
| Volatility (ann.) | 69.9% | 16.5% |
| Beta vs S&P 500 | 0.85 | -0.02 |
| Max drawdown (3Y) | -66.3% | -15.0% |
| Market cap | $0.5B | $102.4B |
| P/E (trailing) | – | 21.7 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | NPCE | SO |
|---|---|---|
| 2022 | -85.2% | +8.2% |
| 2023 | +591.9% | +2.2% |
| 2024 | +8.5% | +21.7% |
| 2025 | +38.0% | +9.5% |
| 2026 | -8.5% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPCE and SO good diversifiers for each other?
Yes. With a correlation of -0.24, NPCE and SO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NPCE and SO?
As of 2026-08-27, the correlation of weekly returns between NPCE and SO is -0.24 over 3 years, -0.09 over 1 year and -0.10 over 5 years.
Is SO a good diversifier for NPCE?
Yes. With a correlation of -0.24, NPCE and SO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NPCE correlations · SO correlations
