JTAI vs NXTC: Correlation
How closely do Jet.AI Inc. (JTAI) and NextCure, Inc. (NXTC) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JTAI and NXTC?
On 3 years of weekly data the JTAI/NXTC correlation comes out at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.52). The 5-year figure is 0.50, and annualized covariance runs at 19592.8 %².
NXTC is one of the assets that tracks JTAI most closely: it ranks #2 out of the 12 assets we track against JTAI. Their recent paths diverged sharply: over the last 12 months NXTC outperformed by 112.9 percentage points (-97.6% for JTAI against +15.3% for NXTC).
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.
JTAI vs NXTC: side by side
| JTAI (Jet.AI Inc.) | NXTC (NextCure, Inc.) | |
|---|---|---|
| 1-year return | -97.6% | +15.3% |
| 5-year return | -100.0% | -93.2% |
| Volatility (ann.) | 233.8% | 160.1% |
| Beta vs S&P 500 | 0.55 | 1.18 |
| Max drawdown (3Y) | -100.0% | -94.6% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JTAI | NXTC |
|---|---|---|
| 2022 | +5.6% | -76.5% |
| 2023 | -86.2% | -19.1% |
| 2024 | -98.6% | -32.4% |
| 2025 | -87.1% | +53.4% |
| 2026 | -85.9% | -57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JTAI and NXTC good diversifiers for each other?
Only partially. A correlation of 0.52 means JTAI and NXTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JTAI and NXTC?
The JTAI/NXTC correlation stands at 0.52 on a 3-year window (1 year: 0.75, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is NXTC a good diversifier for JTAI?
Only partially. A correlation of 0.52 means JTAI and NXTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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
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Related comparisons
Hubs: JTAI correlations · NXTC correlations
