ACRS vs NEXR: Correlation
Aclaris Therapeutics, Inc. (ACRS) and Nexera Technologies Ltd (NEXR) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRS and NEXR?
Across a 3-year window, the weekly returns of ACRS and NEXR correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.43, with an annualized covariance of 32310.9 %².
In ACRS's tracked universe of 14 assets, NEXR sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ACRS ahead by 338.2 points (+238.5% versus -99.7%). Note the risk asymmetry: NEXR runs 6.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACRS vs NEXR: side by side
| ACRS (Aclaris Therapeutics, Inc.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | +238.5% | -99.7% |
| 5-year return | -60.0% | n/a |
| Volatility (ann.) | 105.3% | 656.6% |
| Beta vs S&P 500 | 1.25 | 3.62 |
| Max drawdown (3Y) | -91.9% | -100.0% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRS | NEXR |
|---|---|---|
| 2022 | +8.3% | – |
| 2023 | -93.3% | -62.4% |
| 2024 | +136.2% | -15.7% |
| 2025 | +21.4% | -98.1% |
| 2026 | +104.7% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRS and NEXR good diversifiers for each other?
Reasonably. At 0.47, ACRS and NEXR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACRS and NEXR?
As of 2026-08-27, the correlation of weekly returns between ACRS and NEXR is 0.47 over 3 years, -0.11 over 1 year and 0.43 over 5 years.
Is NEXR a good diversifier for ACRS?
Reasonably. At 0.47, ACRS and NEXR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/acrs-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acrs-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACRS correlations · NEXR correlations
