HTCO vs NXTS: Correlation
Measured on weekly returns over the past three years, High-Trend International Group - Class A (HTCO) and Nexentis Technologies Inc. (NXTS) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCO and NXTS?
Over the past 3 years, HTCO and NXTS moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (-0.18) than the 3-year average (0.29). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 23699.0 %².
Few assets follow HTCO as closely as NXTS, which ranks #3 of 15 tracked partners. The last year tells two different stories: HTCO led by 18.5 percentage points, -77.8% for HTCO against -96.3% for NXTS. Note the risk asymmetry: NXTS runs 3.9 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.
HTCO vs NXTS: side by side
| HTCO (High-Trend International Group - Class A) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -77.8% | -96.3% |
| 5-year return | -98.9% | -100.0% |
| Volatility (ann.) | 143.5% | 565.9% |
| Beta vs S&P 500 | -0.60 | 0.14 |
| Max drawdown (3Y) | -97.5% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTCO | NXTS |
|---|---|---|
| 2022 | -87.1% | -81.2% |
| 2023 | -63.0% | -62.2% |
| 2024 | +608.5% | -87.6% |
| 2025 | -89.9% | -80.6% |
| 2026 | -69.1% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCO and NXTS good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HTCO and NXTS?
The HTCO/NXTS correlation stands at 0.29 on a 3-year window (1 year: -0.18, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is NXTS a good diversifier for HTCO?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/htco-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htco-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTCO correlations · NXTS correlations
