CPHI vs NXTC: Correlation
China Pharma Holdings, Inc. (CPHI) and NextCure, Inc. (NXTC) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHI and NXTC?
On 3 years of weekly data the CPHI/NXTC correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 7411.7 %².
Within CPHI's tracked universe of 16 assets, NXTC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NXTC ahead by 52.0 points (-36.7% versus +15.3%).
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.
CPHI vs NXTC: side by side
| CPHI (China Pharma Holdings, Inc.) | NXTC (NextCure, Inc.) | |
|---|---|---|
| 1-year return | -36.7% | +15.3% |
| 5-year return | -99.7% | -93.2% |
| Volatility (ann.) | 112.2% | 160.1% |
| Beta vs S&P 500 | 0.27 | 1.18 |
| Max drawdown (3Y) | -95.0% | -94.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPHI | NXTC |
|---|---|---|
| 2022 | -79.2% | -76.5% |
| 2023 | -88.0% | -19.1% |
| 2024 | -61.7% | -32.4% |
| 2025 | -47.4% | +53.4% |
| 2026 | -26.8% | -57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHI and NXTC good diversifiers for each other?
Reasonably. At 0.41, CPHI and NXTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPHI and NXTC?
The CPHI/NXTC correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is NXTC a good diversifier for CPHI?
Reasonably. At 0.41, CPHI and NXTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/cphi-vs-nxtc.json
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[](https://www.pairbook.io/pair/cphi-vs-nxtc/)
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Related comparisons
Hubs: CPHI correlations · NXTC correlations
