Which stocks are most correlated with NPB?

Based on one year of daily returns, the stocks most correlated with Northpointe Bancshares, Inc. (NPB) are IBCP (0.60), QABA (0.60) and EFSC (0.60). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with NPB?

Over the past year, the stocks most inversely correlated with Northpointe Bancshares, Inc. (NPB) are SKRE (-0.56), SDD (-0.50) and SBB (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

Northpointe Bancshares, Inc. (NPB) — Stock Correlations & Overview

Over the past year, NPB has moved most closely with IBCP, QABA, EFSC. Explore the stocks most correlated and inversely correlated with NPB below, along with its price, financials, and company profile.

Stocks correlated with NPB

Correlation of daily returns. Higher positive values move with NPB; negative values move opposite it. Informational only, not investment advice.

Most correlated with NPB

Symbol	Company	Correlation
IBCP	Independent Bank Corp.STATE COMMERCIAL BANKS	0.60
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.60
EFSC	Enterprise Financial Services CorporationSTATE COMMERCIAL BANKS	0.60
SMLV	State Street SPDR US Small Cap Low Volatility Index ETF	0.60
AMAL	Amalgamated Financial Corp. Common Stock (DE)STATE COMMERCIAL BANKS	0.60

Most inversely correlated with NPB

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.56
SDD	ProShares UltraShort SmallCap600	-0.50
SBB	ProShares Short SmallCap600	-0.49
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.46
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.43

Frequently asked questions about NPB correlations

Which stocks are most correlated with NPB?: Based on one year of daily returns, the stocks most correlated with Northpointe Bancshares, Inc. (NPB) are IBCP (0.60), QABA (0.60) and EFSC (0.60). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with NPB?: Over the past year, the stocks most inversely correlated with Northpointe Bancshares, Inc. (NPB) are SKRE (-0.56), SDD (-0.50) and SBB (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these NPB correlations calculated?: We compute the correlation of daily returns between NPB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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