IDAI vs NRXP: Correlation
Measured on weekly returns over the past three years, T Stamp Inc. (IDAI) and NRX Pharmaceuticals, Inc. (NRXP) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDAI and NRXP?
Over the past 3 years, IDAI and NRXP moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 22528.9 %².
Within IDAI's tracked universe of 36 assets, NRXP comes in at #10 by 3-year correlation. The last year tells two different stories: NRXP led by 24.8 percentage points, +15.5% for IDAI against +40.3% for NRXP. Note the risk asymmetry: IDAI runs 4.5 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.
IDAI vs NRXP: side by side
| IDAI (T Stamp Inc.) | NRXP (NRX Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +40.3% |
| 5-year return | -76.5% | -97.5% |
| Volatility (ann.) | 505.7% | 112.5% |
| Beta vs S&P 500 | -1.01 | 1.30 |
| Max drawdown (3Y) | -92.9% | -83.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDAI | NRXP |
|---|---|---|
| 2022 | -88.0% | -76.8% |
| 2023 | -43.0% | -58.6% |
| 2024 | -35.5% | -52.2% |
| 2025 | +342.8% | +23.2% |
| 2026 | -14.3% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDAI and NRXP good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDAI and NRXP?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.18 over the last year and 0.33 over 5 years.
Is NRXP a good diversifier for IDAI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/idai-vs-nrxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idai-vs-nrxp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDAI correlations · NRXP correlations
