CPOP vs NNOX: Correlation
How closely do Pop Culture Group Co., Ltd - Class A (CPOP) and NANO-X IMAGING LTD (NNOX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPOP and NNOX?
Across a 3-year window, the weekly returns of CPOP and NNOX correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.23, with an annualized covariance of 4994.9 %².
By 3-year correlation, NNOX places #5 of the 16 assets tracked against CPOP. The last year tells two different stories: NNOX led by 18.4 percentage points, -97.0% for CPOP against -78.6% for NNOX.
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.
CPOP vs NNOX: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | NNOX (NANO-X IMAGING LTD) | |
|---|---|---|
| 1-year return | -97.0% | -78.6% |
| 5-year return | -99.9% | -96.5% |
| Volatility (ann.) | 129.2% | 106.8% |
| Beta vs S&P 500 | 0.69 | 1.70 |
| Max drawdown (3Y) | -99.6% | -93.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPOP | NNOX |
|---|---|---|
| 2022 | -78.5% | -49.2% |
| 2023 | -86.3% | -13.7% |
| 2024 | +9.3% | +13.0% |
| 2025 | -64.1% | -61.1% |
| 2026 | -91.6% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and NNOX good diversifiers for each other?
Reasonably. At 0.36, CPOP and NNOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPOP and NNOX?
The CPOP/NNOX correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is NNOX a good diversifier for CPOP?
Reasonably. At 0.36, CPOP and NNOX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/cpop-vs-nnox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpop-vs-nnox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPOP correlations · NNOX correlations
