ABCL vs NXPL: Correlation
Measured on weekly returns over the past three years, AbCellera Biologics Inc. (ABCL) and NextPlat Corp (NXPL) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCL and NXPL?
On 3 years of weekly data the ABCL/NXPL correlation comes out at 0.34, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.34). The 5-year figure is 0.23, and annualized covariance runs at 1939.6 %².
By 3-year correlation, NXPL places #9 of the 17 assets tracked against ABCL. The last year tells two different stories: ABCL led by 165.6 percentage points, +185.1% for ABCL against +19.5% for NXPL.
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.
ABCL vs NXPL: side by side
| ABCL (AbCellera Biologics Inc.) | NXPL (NextPlat Corp) | |
|---|---|---|
| 1-year return | +185.1% | +19.5% |
| 5-year return | -28.5% | -85.7% |
| Volatility (ann.) | 80.2% | 71.9% |
| Beta vs S&P 500 | 1.75 | 1.10 |
| Max drawdown (3Y) | -67.7% | -84.4% |
| Market cap | $4.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCL | NXPL |
|---|---|---|
| 2022 | -29.2% | -61.1% |
| 2023 | -43.6% | +31.0% |
| 2024 | -48.7% | -34.5% |
| 2025 | +16.7% | -50.9% |
| 2026 | +262.6% | +75.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and NXPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABCL and NXPL?
As of 2026-08-27, the correlation of weekly returns between ABCL and NXPL is 0.34 over 3 years, 0.53 over 1 year and 0.23 over 5 years.
Is NXPL a good diversifier for ABCL?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/abcl-vs-nxpl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abcl-vs-nxpl/)
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Related comparisons
Hubs: ABCL correlations · NXPL correlations
