AMST vs NXXT: Correlation
How closely do Amesite Inc. (AMST) and NextNRG, Inc. (NXXT) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and NXXT?
Across a 3-year window, the weekly returns of AMST and NXXT correlate at 0.63, strong. The past 12 months show a tighter link (0.89) than the 3-year average (0.63). Stretching to 5 years gives 0.46, with an annualized covariance of 12383.0 %².
In AMST's tracked universe of 15 assets, NXXT sits right near the top at #2. The last year tells two different stories: AMST led by 26.8 percentage points, -59.8% for AMST against -86.6% for NXXT.
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.
AMST vs NXXT: side by side
| AMST (Amesite Inc.) | NXXT (NextNRG, Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -86.6% |
| 5-year return | -95.5% | -99.7% |
| Volatility (ann.) | 125.5% | 157.3% |
| Beta vs S&P 500 | 1.09 | 1.37 |
| Max drawdown (3Y) | -84.6% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | NXXT |
|---|---|---|
| 2022 | -83.0% | -79.6% |
| 2023 | +7.1% | -27.8% |
| 2024 | +111.1% | -23.6% |
| 2025 | -60.2% | -53.2% |
| 2026 | -42.3% | -83.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and NXXT good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMST and NXXT?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.89 over the last year and 0.46 over 5 years.
Is NXXT a good diversifier for AMST?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amst-vs-nxxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amst-vs-nxxt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMST correlations · NXXT correlations
