Signature/nullity function for a link obtained by parallel pushoffs of a knot? Let $K$ be an oriented knot in $S^3$ together with a framing $n$.  Let $K(a,b)$ be the oriented link obtained by taking $a$ copies of the $n$-pushoff of $K$ with the same same orientation as $K$ and $b$ copies of the $n$-pushoff of $K$ with the opposite orientation as $K$.  In particular, $K(1,0) = K$ and $K(0,1)$ is the reverse of $K$.  
What can be said about the signature function $\sigma_{K(a,b)}(\lambda)$ in terms of $\sigma_K(\lambda)$?  
Edit: The answer is yes - in fact there is a nice formula for more general satellite constructions. In "Signatures of iterated torus knots" by Litherland, it is show that $\sigma_{K(a,b)}(\lambda) = \sigma_K(\lambda^{a-b})$ (See Theorem 2 and Remark 2 following it).
Can we say anything about the nullity $n_{K(a,b)}(\lambda)$ in terms of some info about $K$? In light of the above Edit, I should probably just ask about how the nullity function behaves under satellite operations.   
 A: As Marco mentions, it appears you are studying cables. These are particular examples of satellite operations. As you already noticed, Litherland proves that if $S$ is a winding number $n$ satellite with pattern $P$ and companion $C$, then
$$ \sigma_S(\omega)=\sigma_P(\omega)+\sigma_C(\omega^n). $$ 
For the nullity, I think the formula is similar:
$$ \eta_S(\omega)=\eta_P(\omega)+\eta_C(\omega^n). $$ 
I think a proof can be found in here in a more general setting, namely "splicing":
https://arxiv.org/pdf/1802.01836.pdf (Theorem 5.2).
The way to recover satellites from splices is for instance explained here:
https://arxiv.org/pdf/1409.5873.pdf (Section 2.4).
For the nullity, you can also prove this "by hand". I think that the most painless way is to view $\eta_K(\omega)$ as the dimension of a twisted homology vector space: $ \eta_K(\omega)=\operatorname{dim}_{\mathbb{C}} H_1(S^3 \setminus K;\mathbb{C}^\omega)$. You can then run a Mayer-Vietoris argument for the satellite knot exterior and the result will follow.
