NTIP vs VAL: Correlation
How closely do Network-1 Technologies, Inc. (NTIP) and Valaris Limited (VAL) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTIP and VAL?
Across a 3-year window, the weekly returns of NTIP and VAL correlate at 0.29, weak. The past 12 months show a tighter link (0.54) than the 3-year average (0.29). Stretching to 5 years gives 0.27, with an annualized covariance of 461.9 %².
Within NTIP's tracked universe of 14 assets, VAL comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VAL ahead by 60.8 points (+12.5% versus +73.3%). Note the risk asymmetry: VAL runs 1.7 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 VAL: side by side
| NTIP (Network-1 Technologies, Inc.) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | +12.5% | +73.3% |
| 5-year return | -36.5% | +200.2% |
| Volatility (ann.) | 30.6% | 52.9% |
| Beta vs S&P 500 | -0.04 | 0.77 |
| Max drawdown (3Y) | -49.9% | -63.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 6.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTIP | VAL |
|---|---|---|
| 2022 | -18.7% | +87.8% |
| 2023 | +3.5% | +1.4% |
| 2024 | -35.6% | -35.5% |
| 2025 | +5.4% | +13.9% |
| 2026 | +21.6% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTIP and VAL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NTIP and VAL?
As of 2026-08-27, the correlation of weekly returns between NTIP and VAL is 0.29 over 3 years, 0.54 over 1 year and 0.27 over 5 years.
Is VAL a good diversifier for NTIP?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/ntip-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntip-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NTIP correlations · VAL correlations
