AI vs NEXN: Correlation
How closely do C3.ai, Inc. (AI) and Nexxen International Ltd. (NEXN) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AI and NEXN?
Over the past 3 years, AI and NEXN moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1138.0 %².
Out of 15 assets tracked against AI, NEXN lands near the bottom at #11. The last year tells two different stories: NEXN led by 42.9 percentage points, -40.3% for AI against +2.6% for NEXN.
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.
AI vs NEXN: side by side
| AI (C3.ai, Inc.) | NEXN (Nexxen International Ltd.) | |
|---|---|---|
| 1-year return | -40.3% | +2.6% |
| 5-year return | -79.8% | -49.7% |
| Volatility (ann.) | 65.5% | 45.7% |
| Beta vs S&P 500 | 2.09 | 0.87 |
| Max drawdown (3Y) | -81.9% | -53.7% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 46.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AI | NEXN |
|---|---|---|
| 2022 | -64.2% | -57.4% |
| 2023 | +156.6% | -21.6% |
| 2024 | +19.9% | +98.0% |
| 2025 | -60.8% | -34.7% |
| 2026 | -23.4% | +54.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AI and NEXN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AI and NEXN?
As of 2026-08-27, the correlation of weekly returns between AI and NEXN is 0.38 over 3 years, 0.29 over 1 year and 0.41 over 5 years.
Is NEXN a good diversifier for AI?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AI correlations · NEXN correlations
