CATO vs NEXR: Correlation
Cato Corporation (The) (CATO) and Nexera Technologies Ltd (NEXR) show a negative relationship: their 3-year correlation of weekly returns is -0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATO and NEXR?
Across a 3-year window, the weekly returns of CATO and NEXR correlate at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.08 versus -0.35 over 3 years. Stretching to 5 years gives -0.33, with an annualized covariance of -12974.4 %².
Among the 12 assets we track against CATO, NEXR sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months CATO outperformed by 67.9 percentage points (-31.8% for CATO against -99.7% for NEXR). Risk is not evenly split, since NEXR carries 11.7 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.
CATO vs NEXR: side by side
| CATO (Cato Corporation (The)) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | -31.8% | -99.7% |
| 5-year return | -80.5% | n/a |
| Volatility (ann.) | 56.2% | 656.6% |
| Beta vs S&P 500 | 0.62 | 3.62 |
| Max drawdown (3Y) | -69.4% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATO | NEXR |
|---|---|---|
| 2022 | -42.2% | – |
| 2023 | -16.5% | -62.4% |
| 2024 | -39.8% | -15.7% |
| 2025 | -20.8% | -98.1% |
| 2026 | -13.9% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATO and NEXR good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between CATO and NEXR?
The CATO/NEXR correlation stands at -0.35 on a 3-year window (1 year: 0.08, 5 years: -0.33), computed from weekly returns as of 2026-08-27.
Is NEXR a good diversifier for CATO?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 mean?
A reading of -0.35 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/cato-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cato-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CATO correlations · NEXR correlations
