CLRO vs NXTS: Correlation
How closely do ClearOne, Inc. (CLRO) and Nexentis Technologies Inc. (NXTS) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and NXTS?
On 3 years of weekly data the CLRO/NXTS correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.41). The 5-year figure is 0.35, and annualized covariance runs at 38459.4 %².
Among the 13 assets we track against CLRO, NXTS ranks #5 by 3-year correlation. The last year tells two different stories: CLRO led by 147.4 percentage points, +51.1% for CLRO against -96.3% for NXTS. Risk is not evenly split, since NXTS carries 3.4 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.
CLRO vs NXTS: side by side
| CLRO (ClearOne, Inc.) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | +51.1% | -96.3% |
| 5-year return | -59.8% | -100.0% |
| Volatility (ann.) | 165.8% | 565.9% |
| Beta vs S&P 500 | 2.00 | 0.14 |
| Max drawdown (3Y) | -87.2% | -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 | CLRO | NXTS |
|---|---|---|
| 2022 | +17.8% | -81.2% |
| 2023 | +26.6% | -62.2% |
| 2024 | +5.4% | -87.6% |
| 2025 | -56.5% | -80.6% |
| 2026 | +17.3% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and NXTS good diversifiers for each other?
Reasonably. At 0.41, CLRO and NXTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLRO and NXTS?
The CLRO/NXTS correlation stands at 0.41 on a 3-year window (1 year: 0.12, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is NXTS a good diversifier for CLRO?
Reasonably. At 0.41, CLRO and NXTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/clro-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clro-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLRO correlations · NXTS correlations
