CHNR vs NRXS: Correlation
How closely do China Natural Resources, Inc. (CHNR) and Neuraxis, Inc. (NRXS) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and NRXS?
On 3 years of weekly data the CHNR/NRXS correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.42 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 2845.9 %².
Among the 22 assets we track against CHNR, NRXS ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRXS outperformed by 140.6 percentage points (+8.2% for CHNR against +148.8% for NRXS).
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.
CHNR vs NRXS: side by side
| CHNR (China Natural Resources, Inc.) | NRXS (Neuraxis, Inc.) | |
|---|---|---|
| 1-year return | +8.2% | +148.8% |
| 5-year return | -91.7% | n/a |
| Volatility (ann.) | 83.4% | 82.2% |
| Beta vs S&P 500 | 0.65 | 0.96 |
| Max drawdown (3Y) | -88.4% | -69.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHNR | NRXS |
|---|---|---|
| 2022 | -34.5% | – |
| 2023 | -16.3% | – |
| 2024 | -57.2% | -12.0% |
| 2025 | -33.8% | +93.2% |
| 2026 | +13.9% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and NRXS good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHNR and NRXS?
The CHNR/NRXS correlation stands at 0.42 on a 3-year window (1 year: 0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NRXS a good diversifier for CHNR?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chnr-vs-nrxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chnr-vs-nrxs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHNR correlations · NRXS correlations
