CRNC vs NEXR: Correlation
Cerence Inc. (CRNC) and Nexera Technologies Ltd (NEXR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and NEXR?
On 3 years of weekly data the CRNC/NEXR correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.57 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 50751.2 %².
In CRNC's tracked universe of 21 assets, NEXR sits right near the top at #2. Correlation aside, the last 12 months split them widely, with CRNC ahead by 79.9 points (-19.8% versus -99.7%). Note the risk asymmetry: NEXR runs 4.8 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.
CRNC vs NEXR: side by side
| CRNC (Cerence Inc.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | -19.8% | -99.7% |
| 5-year return | -92.5% | n/a |
| Volatility (ann.) | 136.3% | 656.6% |
| Beta vs S&P 500 | 2.35 | 3.62 |
| Max drawdown (3Y) | -90.9% | -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 | CRNC | NEXR |
|---|---|---|
| 2022 | -75.8% | – |
| 2023 | +6.1% | -62.4% |
| 2024 | -60.1% | -15.7% |
| 2025 | +36.2% | -98.1% |
| 2026 | -21.3% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and NEXR good diversifiers for each other?
Only partially. A correlation of 0.57 means CRNC and NEXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRNC and NEXR?
The CRNC/NEXR correlation stands at 0.57 on a 3-year window (1 year: 0.16, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is NEXR a good diversifier for CRNC?
Only partially. A correlation of 0.57 means CRNC and NEXR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crnc-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnc-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRNC correlations · NEXR correlations
