CTOR vs NEXT: Correlation
Citius Oncology, Inc. (CTOR) and NextDecade Corporation (NEXT) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTOR and NEXT?
On 3 years of weekly data the CTOR/NEXT correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.28). The 5-year figure is -0.24, and annualized covariance runs at -3283.4 %².
Among the 21 assets we track against CTOR, NEXT sits near the bottom by co-movement, at rank #18. The last year tells two different stories: NEXT led by 32.3 percentage points, -62.2% for CTOR against -29.9% for NEXT. Risk is not evenly split, since CTOR carries 2.8 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.
CTOR vs NEXT: side by side
| CTOR (Citius Oncology, Inc.) | NEXT (NextDecade Corporation) | |
|---|---|---|
| 1-year return | -62.2% | -29.9% |
| 5-year return | n/a | +136.2% |
| Volatility (ann.) | 182.3% | 64.4% |
| Beta vs S&P 500 | 1.25 | 0.79 |
| Max drawdown (3Y) | -98.8% | -60.0% |
| Market cap | $0.1B | $2.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTOR | NEXT |
|---|---|---|
| 2022 | – | +73.3% |
| 2023 | +7.7% | -3.4% |
| 2024 | -89.5% | +61.6% |
| 2025 | -13.0% | -31.6% |
| 2026 | -21.0% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOR and NEXT good diversifiers for each other?
Yes. With a correlation of -0.28, CTOR and NEXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTOR and NEXT?
The CTOR/NEXT correlation stands at -0.28 on a 3-year window (1 year: -0.05, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is NEXT a good diversifier for CTOR?
Yes. With a correlation of -0.28, CTOR and NEXT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/ctor-vs-next.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctor-vs-next/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTOR correlations · NEXT correlations
