NTRP vs PRZO: Correlation
NextTrip, Inc. (NTRP) and ParaZero Technologies Ltd. (PRZO) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRP and PRZO?
Across a 3-year window, the weekly returns of NTRP and PRZO correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.55 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 13321.1 %².
PRZO is one of the assets that tracks NTRP most closely: it ranks #3 out of the 11 assets we track against NTRP. Correlation aside, the last 12 months split them widely, with PRZO ahead by 19.5 points (-61.8% versus -42.3%).
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.
NTRP vs PRZO: side by side
| NTRP (NextTrip, Inc.) | PRZO (ParaZero Technologies Ltd.) | |
|---|---|---|
| 1-year return | -61.8% | -42.3% |
| 5-year return | -98.0% | n/a |
| Volatility (ann.) | 139.9% | 172.1% |
| Beta vs S&P 500 | 0.04 | 1.95 |
| Max drawdown (3Y) | -84.7% | -88.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTRP | PRZO |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -62.2% | – |
| 2024 | +99.5% | +185.5% |
| 2025 | -46.4% | -59.9% |
| 2026 | -57.6% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRP and PRZO good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NTRP and PRZO?
The NTRP/PRZO correlation stands at 0.55 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PRZO a good diversifier for NTRP?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/ntrp-vs-przo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ntrp-vs-przo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NTRP correlations · PRZO correlations
