CYCN vs NXST: Correlation
How closely do Cyclerion Therapeutics, Inc. (CYCN) and Nexstar Media Group, Inc. (NXST) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYCN and NXST?
Across a 3-year window, the weekly returns of CYCN and NXST correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.27). Stretching to 5 years gives -0.15, with an annualized covariance of -1854.4 %².
NXST is close to the least connected end of CYCN's tracked universe, ranking #18 of 21. Their recent paths diverged sharply: over the last 12 months CYCN outperformed by 64.8 percentage points (+55.3% for CYCN against -9.5% for NXST). One caveat on sizing: CYCN is 6.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CYCN vs NXST: side by side
| CYCN (Cyclerion Therapeutics, Inc.) | NXST (Nexstar Media Group, Inc.) | |
|---|---|---|
| 1-year return | +55.3% | -9.5% |
| 5-year return | -93.7% | +43.6% |
| Volatility (ann.) | 208.6% | 33.2% |
| Beta vs S&P 500 | 1.03 | 0.63 |
| Max drawdown (3Y) | -83.0% | -38.4% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 35.1 |
| Dividend yield | 0.00% | 4.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYCN | NXST |
|---|---|---|
| 2022 | -61.9% | +18.4% |
| 2023 | -74.5% | -7.5% |
| 2024 | -3.9% | +5.0% |
| 2025 | -60.6% | +34.0% |
| 2026 | +214.2% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYCN and NXST good diversifiers for each other?
Yes. With a correlation of -0.27, CYCN and NXST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CYCN and NXST?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.50 over the last year and -0.15 over 5 years.
Is NXST a good diversifier for CYCN?
Yes. With a correlation of -0.27, CYCN and NXST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/cycn-vs-nxst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cycn-vs-nxst/)
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Related comparisons
Hubs: CYCN correlations · NXST correlations
