HITI vs STXS: Correlation
Measured on weekly returns over the past three years, High Tide Inc. (HITI) and Stereotaxis, Inc. (STXS) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HITI and STXS?
Over the past 3 years, HITI and STXS moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1161.7 %².
In HITI's tracked universe of 10 assets, STXS sits right near the top at #2. The last year tells two different stories: HITI led by 20.2 percentage points, -28.6% for HITI against -48.8% for STXS.
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.
HITI vs STXS: side by side
| HITI (High Tide Inc.) | STXS (Stereotaxis, Inc.) | |
|---|---|---|
| 1-year return | -28.6% | -48.8% |
| 5-year return | -64.1% | -76.8% |
| Volatility (ann.) | 57.1% | 51.7% |
| Beta vs S&P 500 | 0.73 | 1.07 |
| Max drawdown (3Y) | -51.6% | -64.7% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HITI | STXS |
|---|---|---|
| 2022 | -63.8% | -66.6% |
| 2023 | +5.8% | -15.5% |
| 2024 | +89.6% | +30.3% |
| 2025 | -14.2% | +0.9% |
| 2026 | -3.0% | -36.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HITI and STXS good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HITI and STXS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.44 over the last year and 0.32 over 5 years.
Is STXS a good diversifier for HITI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/hiti-vs-stxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hiti-vs-stxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HITI correlations · STXS correlations
