NSTS vs SIG: Correlation
How closely do NSTS Bancorp, Inc. (NSTS) and Signet Jewelers Limited (SIG) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSTS and SIG?
Across a 3-year window, the weekly returns of NSTS and SIG correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -202.3 %².
Among the 15 assets we track against NSTS, SIG sits near the bottom by co-movement, at rank #13. The last year tells two different stories: NSTS led by 29.6 percentage points, +17.9% for NSTS against -11.7% for SIG. One caveat on sizing: SIG is 2.5 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.
NSTS vs SIG: side by side
| NSTS (NSTS Bancorp, Inc.) | SIG (Signet Jewelers Limited) | |
|---|---|---|
| 1-year return | +17.9% | -11.7% |
| 5-year return | +11.4% | +8.4% |
| Volatility (ann.) | 19.0% | 47.9% |
| Beta vs S&P 500 | 0.01 | 1.19 |
| Max drawdown (3Y) | -18.5% | -57.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 1.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NSTS | SIG |
|---|---|---|
| 2022 | – | -21.0% |
| 2023 | -6.1% | +59.6% |
| 2024 | +24.1% | -23.8% |
| 2025 | +9.7% | +4.1% |
| 2026 | +8.3% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSTS and SIG 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 NSTS and SIG?
The NSTS/SIG correlation stands at -0.22 on a 3-year window (1 year: -0.20, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is SIG a good diversifier for NSTS?
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
$ curl https://www.pairbook.io/api/v1/pairs/nsts-vs-sig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nsts-vs-sig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NSTS correlations · SIG correlations
