CATX vs NEXR: Correlation
How closely do Perspective Therapeutics, Inc. (CATX) and Nexera Technologies Ltd (NEXR) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATX and NEXR?
Across a 3-year window, the weekly returns of CATX and NEXR correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.26, with an annualized covariance of -21498.9 %².
NEXR is close to the least connected end of CATX's tracked universe, ranking #14 of 14. The last year tells two different stories: CATX led by 87.8 percentage points, -11.9% for CATX against -99.7% for NEXR. Note the risk asymmetry: NEXR runs 6.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CATX vs NEXR: side by side
| CATX (Perspective Therapeutics, Inc.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | -11.9% | -99.7% |
| 5-year return | -49.5% | n/a |
| Volatility (ann.) | 105.9% | 656.6% |
| Beta vs S&P 500 | 1.10 | 3.62 |
| Max drawdown (3Y) | -90.7% | -100.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATX | NEXR |
|---|---|---|
| 2022 | -35.9% | – |
| 2023 | +60.0% | -62.4% |
| 2024 | -20.2% | -15.7% |
| 2025 | -13.8% | -98.1% |
| 2026 | +15.6% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATX and NEXR good diversifiers for each other?
Yes. With a correlation of -0.31, CATX and NEXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CATX and NEXR?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.21 over the last year and -0.26 over 5 years.
Is NEXR a good diversifier for CATX?
Yes. With a correlation of -0.31, CATX and NEXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/catx-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/catx-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CATX correlations · NEXR correlations
