ITP vs NXTS: Correlation
Measured on weekly returns over the past three years, IT Tech Packaging, Inc. (ITP) and Nexentis Technologies Inc. (NXTS) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITP and NXTS?
On 3 years of weekly data the ITP/NXTS correlation comes out at 0.61, strong. The past 12 months show a weaker link (-0.37) than the 3-year average (0.61). The 5-year figure is 0.50, and annualized covariance runs at 32383.3 %².
NXTS is one of the assets that tracks ITP most closely: it ranks #1 out of the 10 assets we track against ITP. Correlation aside, the last 12 months split them widely, with ITP ahead by 86.5 points (-9.8% versus -96.3%). One caveat on sizing: NXTS is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ITP vs NXTS: side by side
| ITP (IT Tech Packaging, Inc.) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -96.3% |
| 5-year return | -95.6% | -100.0% |
| Volatility (ann.) | 94.0% | 565.9% |
| Beta vs S&P 500 | 0.05 | 0.14 |
| Max drawdown (3Y) | -76.1% | -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 | ITP | NXTS |
|---|---|---|
| 2022 | -80.0% | -81.2% |
| 2023 | -32.6% | -62.2% |
| 2024 | +93.5% | -87.6% |
| 2025 | -63.3% | -80.6% |
| 2026 | -18.0% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITP and NXTS good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ITP and NXTS?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with -0.37 over the last year and 0.50 over 5 years.
Is NXTS a good diversifier for ITP?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itp-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itp-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITP correlations · NXTS correlations
