NTIC vs SPB: Correlation
How closely do Northern Technologies International Corporation (NTIC) and Spectrum Brands Holdings, Inc. (SPB) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTIC and SPB?
On 3 years of weekly data the NTIC/SPB correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.28 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 322.5 %².
Among the 14 assets we track against NTIC, SPB ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SPB ahead by 52.1 points (+8.6% versus +60.7%).
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 SPB: side by side
| NTIC (Northern Technologies International Corporation) | SPB (Spectrum Brands Holdings, Inc.) | |
|---|---|---|
| 1-year return | +8.6% | +60.7% |
| 5-year return | -46.9% | +26.1% |
| Volatility (ann.) | 35.6% | 31.9% |
| Beta vs S&P 500 | 0.01 | 0.83 |
| Max drawdown (3Y) | -63.3% | -46.3% |
| Market cap | $0.1B | $2.0B |
| P/E (trailing) | – | 27.7 |
| Dividend yield | 0.37% | 2.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTIC | SPB |
|---|---|---|
| 2022 | -10.9% | -38.7% |
| 2023 | -9.4% | +34.1% |
| 2024 | +16.7% | +8.0% |
| 2025 | -41.4% | -27.9% |
| 2026 | +3.2% | +52.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTIC and SPB good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NTIC and SPB?
As of 2026-08-27, the correlation of weekly returns between NTIC and SPB is 0.28 over 3 years, 0.10 over 1 year and 0.17 over 5 years.
Is SPB a good diversifier for NTIC?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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
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Related comparisons
Hubs: NTIC correlations · SPB correlations
