BOTJ vs NRXP: Correlation
Bank of the James Financial Group, Inc. (BOTJ) and NRX Pharmaceuticals, Inc. (NRXP) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and NRXP?
On 3 years of weekly data the BOTJ/NRXP correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.23). The 5-year figure is -0.14, and annualized covariance runs at -668.5 %².
NRXP is close to the least connected end of BOTJ's tracked universe, ranking #12 of 16. Correlation aside, the last 12 months split them widely, with BOTJ ahead by 38.2 points (+78.5% versus +40.3%). One caveat on sizing: NRXP is 4.4 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.
BOTJ vs NRXP: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | NRXP (NRX Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +78.5% | +40.3% |
| 5-year return | +119.5% | -97.5% |
| Volatility (ann.) | 25.5% | 112.5% |
| Beta vs S&P 500 | 0.22 | 1.30 |
| Max drawdown (3Y) | -27.8% | -83.5% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | NRXP |
|---|---|---|
| 2022 | -21.2% | -76.8% |
| 2023 | +5.8% | -58.6% |
| 2024 | +34.1% | -52.2% |
| 2025 | +20.3% | +23.2% |
| 2026 | +46.4% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and NRXP good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOTJ and NRXP?
As of 2026-08-27, the correlation of weekly returns between BOTJ and NRXP is -0.23 over 3 years, -0.08 over 1 year and -0.14 over 5 years.
Is NRXP a good diversifier for BOTJ?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/botj-vs-nrxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/botj-vs-nrxp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOTJ correlations · NRXP correlations
