GCTS vs NXL: Correlation
How closely do GCT Semiconductor Holding, Inc. (GCTS) and Nexalin Technology, Inc. (NXL) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCTS and NXL?
Across a 3-year window, the weekly returns of GCTS and NXL correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.47 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 13941.3 %².
Among the 13 assets we track against GCTS, NXL ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GCTS ahead by 115.2 points (+46.9% versus -68.3%).
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.
GCTS vs NXL: side by side
| GCTS (GCT Semiconductor Holding, Inc.) | NXL (Nexalin Technology, Inc.) | |
|---|---|---|
| 1-year return | +46.9% | -68.3% |
| 5-year return | -80.5% | n/a |
| Volatility (ann.) | 165.0% | 178.5% |
| Beta vs S&P 500 | 2.00 | 1.55 |
| Max drawdown (3Y) | -97.7% | -94.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCTS | NXL |
|---|---|---|
| 2022 | +2.9% | – |
| 2023 | +3.6% | -45.9% |
| 2024 | -77.9% | +581.5% |
| 2025 | -48.5% | -79.8% |
| 2026 | +59.2% | -54.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCTS and NXL good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCTS and NXL?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.11 over the last year and 0.45 over 5 years.
Is NXL a good diversifier for GCTS?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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
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Related comparisons
Hubs: GCTS correlations · NXL correlations
