HAO vs NXTT: Correlation
How closely do Haoxi Health Technology Limited - Class A Ord Share (HAO) and Next Technology Holding Inc. (NXTT) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAO and NXTT?
Over the past 3 years, HAO and NXTT moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Lately the two have moved closer together, with the 1-year correlation at 1.00 versus 0.80 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 15087008.4 %².
NXTT is one of the assets that tracks HAO most closely: it ranks #1 out of the 26 assets we track against HAO. Their 12-month results are close: -97.9% for HAO against -94.3% for NXTT. Note the risk asymmetry: NXTT runs 3.4 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.
HAO vs NXTT: side by side
| HAO (Haoxi Health Technology Limited - Class A Ord Share) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | -97.9% | -94.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 2273.9% | 7704.0% |
| Beta vs S&P 500 | -2.44 | 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 | HAO | NXTT |
|---|---|---|
| 2023 | – | -93.9% |
| 2024 | – | -36.6% |
| 2025 | +613.3% | -98.8% |
| 2026 | -97.7% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAO and NXTT good diversifiers for each other?
No. With a correlation of 0.80, HAO and NXTT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HAO and NXTT?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 1.00 over the last year and n/a over 5 years.
Is NXTT a good diversifier for HAO?
No. With a correlation of 0.80, HAO and NXTT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hao-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hao-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAO correlations · NXTT correlations
