NTRP vs TPST: Correlation
NextTrip, Inc. (NTRP) and Tempest Therapeutics, Inc. (TPST) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRP and TPST?
On 3 years of weekly data the NTRP/TPST correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.47). The 5-year figure is 0.42, and annualized covariance runs at 51029.2 %².
Within NTRP's tracked universe of 11 assets, TPST comes in at #5 by 3-year correlation. The last year tells two different stories: NTRP led by 28.2 percentage points, -61.8% for NTRP against -90.0% for TPST. One caveat on sizing: TPST is 5.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TPST: side by side
| NTRP (NextTrip, Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -61.8% | -90.0% |
| 5-year return | -98.0% | -99.4% |
| Volatility (ann.) | 139.9% | 782.8% |
| Beta vs S&P 500 | 0.04 | 1.97 |
| Max drawdown (3Y) | -84.7% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTRP | TPST |
|---|---|---|
| 2022 | -78.3% | -78.2% |
| 2023 | -62.2% | +282.6% |
| 2024 | +99.5% | -81.0% |
| 2025 | -46.4% | -73.6% |
| 2026 | -57.6% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRP and TPST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NTRP and TPST?
The NTRP/TPST correlation stands at 0.47 on a 3-year window (1 year: 0.04, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for NTRP?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: NTRP correlations · TPST correlations
