GLMD vs NXTT: Correlation
Measured on weekly returns over the past three years, Galmed Pharmaceuticals Ltd. (GLMD) and Next Technology Holding Inc. (NXTT) carry a correlation of 0.92, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLMD and NXTT?
Over the past 3 years, GLMD and NXTT moved with a correlation of 0.92, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.94) sits close to the 3-year figure. Over 5 years the correlation is 0.91, and the annualized covariance of weekly returns is 4405865.3 %².
Within GLMD's tracked universe of 10 assets, NXTT comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GLMD outperformed by 304.1 percentage points (+209.8% for GLMD against -94.3% for NXTT). Note the risk asymmetry: NXTT runs 12.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GLMD vs NXTT: side by side
| GLMD (Galmed Pharmaceuticals Ltd.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | +209.8% | -94.3% |
| 5-year return | -99.3% | -100.0% |
| Volatility (ann.) | 619.4% | 7704.0% |
| Beta vs S&P 500 | 2.45 | 8.14 |
| Max drawdown (3Y) | -96.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLMD | NXTT |
|---|---|---|
| 2022 | -72.5% | – |
| 2023 | -93.9% | -93.9% |
| 2024 | -41.6% | -36.6% |
| 2025 | -76.5% | -98.8% |
| 2026 | +473.3% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLMD and NXTT good diversifiers for each other?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GLMD and NXTT?
Using weekly returns as of 2026-08-27: 0.92 over 3 years, with 0.94 over the last year and 0.91 over 5 years.
Is NXTT a good diversifier for GLMD?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.92 mean?
On the −1 to +1 scale, 0.92 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glmd-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glmd-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLMD correlations · NXTT correlations
