The Bank of N.T. Butterfield & Son Limited (NTB) — Stock Correlations & Overview
Over the past year, NTB has moved most closely with QABA, CAC, KRE. Explore the stocks most correlated and inversely correlated with NTB below, along with its price, financials, and company profile.
Stocks correlated with NTB
Correlation of daily returns. Higher positive values move with NTB; negative values move opposite it. Informational only, not investment advice.
Most correlated with NTB
| Symbol | Company | Correlation |
|---|---|---|
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.70 |
| CAC | Camden National CorporationNATIONAL COMMERCIAL BANKS | 0.70 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.69 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.69 |
| KBE | State Street SPDR S&P Bank ETF | 0.69 |
Most inversely correlated with NTB
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.69 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.49 |
| SDD | ProShares UltraShort SmallCap600 | -0.46 |
| SBB | ProShares Short SmallCap600 | -0.45 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.44 |
Frequently asked questions about NTB correlations
- Which stocks are most correlated with NTB?
- Based on one year of daily returns, the stocks most correlated with The Bank of N.T. Butterfield & Son Limited (NTB) are QABA (0.70), CAC (0.70) and KRE (0.69). 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 NTB?
- Over the past year, the stocks most inversely correlated with The Bank of N.T. Butterfield & Son Limited (NTB) are SKRE (-0.69), BNKD (-0.49) and SDD (-0.46). 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 NTB correlations calculated?
- We compute the correlation of daily returns between NTB 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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