ASAN vs NIXX: Correlation
How closely do Asana, Inc. (ASAN) and Nixxy, Inc. (NIXX) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and NIXX?
Over the past 3 years, ASAN and NIXX moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.32). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 2353.7 %².
Among the 19 assets we track against ASAN, NIXX ranks #14 by 3-year correlation. The last year tells two different stories: ASAN led by 30.2 percentage points, -29.0% for ASAN against -59.2% for NIXX. Risk is not evenly split, since NIXX carries 2.1 times the volatility of the other side.
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.
ASAN vs NIXX: side by side
| ASAN (Asana, Inc.) | NIXX (Nixxy, Inc.) | |
|---|---|---|
| 1-year return | -29.0% | -59.2% |
| 5-year return | -86.9% | -98.9% |
| Volatility (ann.) | 59.9% | 123.9% |
| Beta vs S&P 500 | 1.49 | 0.15 |
| Max drawdown (3Y) | -80.2% | -91.9% |
| Market cap | $2.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASAN | NIXX |
|---|---|---|
| 2022 | -81.5% | -84.0% |
| 2023 | +38.1% | -75.8% |
| 2024 | +6.6% | +246.1% |
| 2025 | -32.4% | -81.7% |
| 2026 | -25.8% | -32.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and NIXX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASAN and NIXX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.04 over the last year and 0.19 over 5 years.
Is NIXX a good diversifier for ASAN?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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/asan-vs-nixx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asan-vs-nixx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASAN correlations · NIXX correlations
