BDMD vs NXTS: Correlation
Baird Medical Investment Holdings Ltd (BDMD) and Nexentis Technologies Inc. (NXTS) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDMD and NXTS?
On 3 years of weekly data the BDMD/NXTS correlation comes out at 0.76, strong. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.76 over 3 years. The 5-year figure is 0.75, and annualized covariance runs at 80949.8 %².
NXTS is one of the assets that tracks BDMD most closely: it ranks #1 out of the 15 assets we track against BDMD. The last year tells two different stories: BDMD led by 41.4 percentage points, -54.9% for BDMD against -96.3% for NXTS. One caveat on sizing: NXTS is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BDMD vs NXTS: side by side
| BDMD (Baird Medical Investment Holdings Ltd) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -54.9% | -96.3% |
| 5-year return | -88.5% | -100.0% |
| Volatility (ann.) | 187.8% | 565.9% |
| Beta vs S&P 500 | -0.54 | 0.14 |
| Max drawdown (3Y) | -93.6% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDMD | NXTS |
|---|---|---|
| 2022 | +4.1% | -81.2% |
| 2023 | +4.4% | -62.2% |
| 2024 | -29.0% | -87.6% |
| 2025 | -82.1% | -80.6% |
| 2026 | -18.4% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDMD and NXTS good diversifiers for each other?
To a limited degree. At 0.76 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 BDMD and NXTS?
The BDMD/NXTS correlation stands at 0.76 on a 3-year window (1 year: 0.19, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is NXTS a good diversifier for BDMD?
To a limited degree. At 0.76 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 0.76 mean?
A reading of 0.76 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/bdmd-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdmd-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDMD correlations · NXTS correlations
