ASTH vs NXDR: Correlation
How closely do Astrana Health Inc. (ASTH) and Nextdoor Holdings, Inc. (NXDR) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTH and NXDR?
On 3 years of weekly data the ASTH/NXDR correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.47). The 5-year figure is 0.47, and annualized covariance runs at 1447.1 %².
NXDR is one of the assets that tracks ASTH most closely: it ranks #2 out of the 15 assets we track against ASTH. The trailing year gives ASTH the advantage: +23.1% versus +10.0%, a 13.1-point spread.
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.
ASTH vs NXDR: side by side
| ASTH (Astrana Health Inc.) | NXDR (Nextdoor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +23.1% | +10.0% |
| 5-year return | -46.1% | -82.2% |
| Volatility (ann.) | 56.8% | 54.0% |
| Beta vs S&P 500 | 1.15 | 1.65 |
| Max drawdown (3Y) | -71.0% | -53.6% |
| Market cap | $1.9B | $0.9B |
| P/E (trailing) | 47.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTH | NXDR |
|---|---|---|
| 2022 | -59.7% | -73.9% |
| 2023 | +29.4% | -8.3% |
| 2024 | -17.7% | +25.4% |
| 2025 | -21.3% | -11.4% |
| 2026 | +54.8% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTH and NXDR good diversifiers for each other?
Reasonably. At 0.47, ASTH and NXDR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASTH and NXDR?
The ASTH/NXDR correlation stands at 0.47 on a 3-year window (1 year: 0.28, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is NXDR a good diversifier for ASTH?
Reasonably. At 0.47, ASTH and NXDR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
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Related comparisons
Hubs: ASTH correlations · NXDR correlations
