FLUX vs NUAI: Correlation
Flux Power Holdings, Inc. (FLUX) and New Era Energy & Digital, Inc. (NUAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUX and NUAI?
Over the past 3 years, FLUX and NUAI moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 6854.8 %².
Among the 10 assets we track against FLUX, NUAI ranks #4 by 3-year correlation. The last year tells two different stories: NUAI led by 987.5 percentage points, -61.5% for FLUX against +926.0% for NUAI. One caveat on sizing: NUAI is 1.7 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.
FLUX vs NUAI: side by side
| FLUX (Flux Power Holdings, Inc.) | NUAI (New Era Energy & Digital, Inc.) | |
|---|---|---|
| 1-year return | -61.5% | +926.0% |
| 5-year return | -92.4% | -47.8% |
| Volatility (ann.) | 103.0% | 179.9% |
| Beta vs S&P 500 | 1.61 | 1.47 |
| Max drawdown (3Y) | -92.3% | -97.2% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUX | NUAI |
|---|---|---|
| 2022 | -7.5% | – |
| 2023 | +3.5% | +5.1% |
| 2024 | -61.6% | -43.6% |
| 2025 | -19.6% | -51.2% |
| 2026 | -49.7% | +75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUX and NUAI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLUX and NUAI?
As of 2026-08-27, the correlation of weekly returns between FLUX and NUAI is 0.37 over 3 years, 0.45 over 1 year and 0.32 over 5 years.
Is NUAI a good diversifier for FLUX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FLUX correlations · NUAI correlations
