NTRP vs UMAC: Correlation
How closely do NextTrip, Inc. (NTRP) and Unusual Machines, Inc. (UMAC) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRP and UMAC?
On 3 years of weekly data the NTRP/UMAC correlation comes out at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.51 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 15667.4 %².
By 3-year correlation, UMAC places #4 of the 11 assets tracked against NTRP. The last year tells two different stories: UMAC led by 218.9 percentage points, -61.8% for NTRP against +157.1% for UMAC. Note the risk asymmetry: UMAC runs 1.8 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.
NTRP vs UMAC: side by side
| NTRP (NextTrip, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -61.8% | +157.1% |
| 5-year return | -98.0% | n/a |
| Volatility (ann.) | 139.9% | 248.9% |
| Beta vs S&P 500 | 0.04 | 3.43 |
| Max drawdown (3Y) | -84.7% | -75.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTRP | UMAC |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -62.2% | – |
| 2024 | +99.5% | – |
| 2025 | -46.4% | -24.3% |
| 2026 | -57.6% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRP and UMAC good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NTRP and UMAC?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.00 over the last year and n/a over 5 years.
Is UMAC a good diversifier for NTRP?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntrp-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTRP correlations · UMAC correlations
