HCSG vs NRXS: Correlation
Measured on weekly returns over the past three years, Healthcare Services Group, Inc. (HCSG) and Neuraxis, Inc. (NRXS) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCSG and NRXS?
On 3 years of weekly data the HCSG/NRXS correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.38 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1408.0 %².
Among the 14 assets we track against HCSG, NRXS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRXS outperformed by 101.6 percentage points (+47.2% for HCSG against +148.8% for NRXS). Risk is not evenly split, since NRXS carries 1.8 times the volatility of the other side.
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.
HCSG vs NRXS: side by side
| HCSG (Healthcare Services Group, Inc.) | NRXS (Neuraxis, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | +148.8% |
| 5-year return | -6.5% | n/a |
| Volatility (ann.) | 44.6% | 82.2% |
| Beta vs S&P 500 | 0.90 | 0.96 |
| Max drawdown (3Y) | -27.4% | -69.2% |
| Market cap | $1.6B | $0.1B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCSG | NRXS |
|---|---|---|
| 2022 | -28.7% | – |
| 2023 | -13.6% | – |
| 2024 | +12.1% | -12.0% |
| 2025 | +64.5% | +93.2% |
| 2026 | +20.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCSG and NRXS good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HCSG and NRXS?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is NRXS a good diversifier for HCSG?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/hcsg-vs-nrxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hcsg-vs-nrxs/)
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Related comparisons
Hubs: HCSG correlations · NRXS correlations
