NPWR vs SSP: Correlation
Measured on weekly returns over the past three years, NET Power Inc. (NPWR) and E.W. Scripps Company (The) (SSP) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPWR and SSP?
On 3 years of weekly data the NPWR/SSP correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -1627.8 %².
Out of 11 assets tracked against NPWR, SSP lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with SSP ahead by 65.4 points (-28.1% versus +37.3%).
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.
NPWR vs SSP: side by side
| NPWR (NET Power Inc.) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | -28.1% | +37.3% |
| 5-year return | -80.6% | -77.0% |
| Volatility (ann.) | 80.8% | 107.0% |
| Beta vs S&P 500 | 1.46 | 0.27 |
| Max drawdown (3Y) | -91.8% | -84.5% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPWR | SSP |
|---|---|---|
| 2022 | +1.7% | -31.8% |
| 2023 | -0.7% | -39.4% |
| 2024 | +4.9% | -72.3% |
| 2025 | -78.5% | +140.1% |
| 2026 | -17.1% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPWR and SSP good diversifiers for each other?
Yes. With a correlation of -0.19, NPWR and SSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NPWR and SSP?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.19 over the last year and -0.17 over 5 years.
Is SSP a good diversifier for NPWR?
Yes. With a correlation of -0.19, NPWR and SSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/npwr-vs-ssp.json
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[](https://www.pairbook.io/pair/npwr-vs-ssp/)
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Related comparisons
Hubs: NPWR correlations · SSP correlations
