ELPW vs NXTT: Correlation
Measured on weekly returns over the past three years, Elong Power Holding Limited - Class A (ELPW) and Next Technology Holding Inc. (NXTT) carry a correlation of 0.94, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and NXTT?
Over the past 3 years, ELPW and NXTT moved with a correlation of 0.94, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.95) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 24225993.5 %².
Among the 30 assets we track against ELPW, NXTT ranks #7 by 3-year correlation. Neither side won the trailing year by much: -99.0% against -94.3%. Risk is not evenly split, since NXTT carries 2.3 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.
ELPW vs NXTT: side by side
| ELPW (Elong Power Holding Limited - Class A) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -99.0% | -94.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 3332.8% | 7704.0% |
| Beta vs S&P 500 | 3.98 | 8.14 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELPW | NXTT |
|---|---|---|
| 2023 | – | -93.9% |
| 2024 | -87.5% | -36.6% |
| 2025 | -91.4% | -98.8% |
| 2026 | -97.4% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and NXTT good diversifiers for each other?
No: a correlation of 0.94 means ELPW and NXTT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ELPW and NXTT?
As of 2026-08-27, the correlation of weekly returns between ELPW and NXTT is 0.94 over 3 years, 0.95 over 1 year and n/a over 5 years.
Is NXTT a good diversifier for ELPW?
No: a correlation of 0.94 means ELPW and NXTT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.94 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/elpw-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELPW correlations · NXTT correlations
