HFBL vs NRXS: Correlation
How closely do Home Federal Bancorp, Inc. of Louisiana (HFBL) and Neuraxis, Inc. (NRXS) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and NRXS?
Across a 3-year window, the weekly returns of HFBL and NRXS correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -674.8 %².
NRXS is close to the least connected end of HFBL's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months NRXS outperformed by 46.8 percentage points (+102.0% for HFBL against +148.8% for NRXS). Note the risk asymmetry: NRXS runs 2.7 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.
HFBL vs NRXS: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | NRXS (Neuraxis, Inc.) | |
|---|---|---|
| 1-year return | +102.0% | +148.8% |
| 5-year return | +67.8% | n/a |
| Volatility (ann.) | 30.5% | 82.2% |
| Beta vs S&P 500 | 0.12 | 0.96 |
| Max drawdown (3Y) | -28.6% | -69.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFBL | NRXS |
|---|---|---|
| 2022 | -14.2% | – |
| 2023 | -13.5% | – |
| 2024 | -8.9% | -12.0% |
| 2025 | +49.2% | +93.2% |
| 2026 | +44.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and NRXS good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HFBL and NRXS?
As of 2026-08-27, the correlation of weekly returns between HFBL and NRXS is -0.27 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is NRXS a good diversifier for HFBL?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/hfbl-vs-nrxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hfbl-vs-nrxs/)
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Related comparisons
Hubs: HFBL correlations · NRXS correlations
