ACH vs NXTT: Correlation
Measured on weekly returns over the past three years, Accendra Health, Inc. (ACH) and Next Technology Holding Inc. (NXTT) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and NXTT?
On 3 years of weekly data the ACH/NXTT correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.35). The 5-year figure is -0.32, and annualized covariance runs at -240432.0 %².
NXTT is close to the least connected end of ACH's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with ACH ahead by 19.0 points (-75.3% versus -94.3%). One caveat on sizing: NXTT is 86.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACH vs NXTT: side by side
| ACH (Accendra Health, Inc.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -75.3% | -94.3% |
| 5-year return | -96.8% | -100.0% |
| Volatility (ann.) | 89.1% | 7704.0% |
| Beta vs S&P 500 | 1.37 | 8.14 |
| Max drawdown (3Y) | -96.6% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACH | NXTT |
|---|---|---|
| 2022 | -55.1% | – |
| 2023 | -1.3% | -93.9% |
| 2024 | -32.2% | -36.6% |
| 2025 | -78.6% | -98.8% |
| 2026 | -56.8% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and NXTT good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACH and NXTT?
As of 2026-08-27, the correlation of weekly returns between ACH and NXTT is -0.35 over 3 years, -0.51 over 1 year and -0.32 over 5 years.
Is NXTT a good diversifier for ACH?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ach-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ach-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACH correlations · NXTT correlations
