NTIC vs OGN: Correlation
How closely do Northern Technologies International Corporation (NTIC) and Organon & Co. (OGN) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTIC and OGN?
On 3 years of weekly data the NTIC/OGN correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 568.1 %².
OGN is one of the assets that tracks NTIC most closely: it ranks #2 out of the 14 assets we track against NTIC. Correlation aside, the last 12 months split them widely, with OGN ahead by 42.2 points (+8.6% versus +50.8%). Note the risk asymmetry: OGN runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NTIC vs OGN: side by side
| NTIC (Northern Technologies International Corporation) | OGN (Organon & Co.) | |
|---|---|---|
| 1-year return | +8.6% | +50.8% |
| 5-year return | -46.9% | -50.3% |
| Volatility (ann.) | 35.6% | 53.4% |
| Beta vs S&P 500 | 0.01 | 0.88 |
| Max drawdown (3Y) | -63.3% | -74.1% |
| Market cap | $0.1B | $3.6B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.37% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTIC | OGN |
|---|---|---|
| 2022 | -10.9% | -4.9% |
| 2023 | -9.4% | -45.1% |
| 2024 | +16.7% | +9.9% |
| 2025 | -41.4% | -50.7% |
| 2026 | +3.2% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTIC and OGN good diversifiers for each other?
Reasonably. At 0.30, NTIC and OGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTIC and OGN?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.23 over the last year and 0.22 over 5 years.
Is OGN a good diversifier for NTIC?
Reasonably. At 0.30, NTIC and OGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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/ntic-vs-ogn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntic-vs-ogn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTIC correlations · OGN correlations
