NTIP vs OTIS: Correlation
Network-1 Technologies, Inc. (NTIP) and Otis Worldwide (OTIS) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTIP and OTIS?
Across a 3-year window, the weekly returns of NTIP and OTIS correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives -0.04, with an annualized covariance of -99.1 %².
Within NTIP's tracked universe of 14 assets, OTIS comes in at #9 by 3-year correlation. The last year tells two different stories: NTIP led by 29.3 percentage points, +12.5% for NTIP against -16.8% for OTIS. Note the risk asymmetry: NTIP runs 1.6 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.
NTIP vs OTIS: side by side
| NTIP (Network-1 Technologies, Inc.) | OTIS (Otis Worldwide) | |
|---|---|---|
| 1-year return | +12.5% | -16.8% |
| 5-year return | -36.5% | -15.9% |
| Volatility (ann.) | 30.6% | 19.1% |
| Beta vs S&P 500 | -0.04 | 0.59 |
| Max drawdown (3Y) | -49.9% | -32.4% |
| Market cap | – | $27.2B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 6.37% | 2.35% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NTIP | OTIS |
|---|---|---|
| 2022 | -18.7% | -8.8% |
| 2023 | +3.5% | +16.0% |
| 2024 | -35.6% | +5.2% |
| 2025 | +5.4% | -4.0% |
| 2026 | +21.6% | -16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTIP and OTIS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between NTIP and OTIS?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.11 over the last year and -0.04 over 5 years.
Is OTIS a good diversifier for NTIP?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ntip-vs-otis.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntip-vs-otis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NTIP correlations · OTIS correlations
