FLUX vs NTLA: Correlation
Measured on weekly returns over the past three years, Flux Power Holdings, Inc. (FLUX) and Intellia Therapeutics, Inc. (NTLA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUX and NTLA?
On 3 years of weekly data the FLUX/NTLA correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.44). The 5-year figure is 0.42, and annualized covariance runs at 3687.8 %².
NTLA is one of the assets that tracks FLUX most closely: it ranks #1 out of the 10 assets we track against FLUX. Correlation aside, the last 12 months split them widely, with NTLA ahead by 76.3 points (-61.5% versus +14.8%).
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.
FLUX vs NTLA: side by side
| FLUX (Flux Power Holdings, Inc.) | NTLA (Intellia Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -61.5% | +14.8% |
| 5-year return | -92.4% | -91.5% |
| Volatility (ann.) | 103.0% | 82.2% |
| Beta vs S&P 500 | 1.61 | 2.32 |
| Max drawdown (3Y) | -92.3% | -83.6% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUX | NTLA |
|---|---|---|
| 2022 | -7.5% | -70.5% |
| 2023 | +3.5% | -12.6% |
| 2024 | -61.6% | -61.8% |
| 2025 | -19.6% | -22.9% |
| 2026 | -49.7% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUX and NTLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLUX and NTLA?
The FLUX/NTLA correlation stands at 0.44 on a 3-year window (1 year: 0.62, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is NTLA a good diversifier for FLUX?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: FLUX correlations · NTLA correlations
