KNSA vs NXL: Correlation
Kiniksa Pharmaceuticals International, plc - Class A (KNSA) and Nexalin Technology, Inc. (NXL) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSA and NXL?
Over the past 3 years, KNSA and NXL moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.17). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1373.1 %².
Among the 12 assets we track against KNSA, NXL sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with KNSA ahead by 205.1 points (+136.8% versus -68.3%). One caveat on sizing: NXL is 3.9 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.
KNSA vs NXL: side by side
| KNSA (Kiniksa Pharmaceuticals International, plc - Class A) | NXL (Nexalin Technology, Inc.) | |
|---|---|---|
| 1-year return | +136.8% | -68.3% |
| 5-year return | +550.9% | n/a |
| Volatility (ann.) | 46.0% | 178.5% |
| Beta vs S&P 500 | 0.55 | 1.55 |
| Max drawdown (3Y) | -34.1% | -94.2% |
| Market cap | $6.2B | – |
| P/E (trailing) | 79.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSA | NXL |
|---|---|---|
| 2022 | +27.3% | – |
| 2023 | +17.1% | -45.9% |
| 2024 | +12.8% | +581.5% |
| 2025 | +108.5% | -79.8% |
| 2026 | +93.5% | -54.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSA and NXL good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNSA and NXL?
As of 2026-08-27, the correlation of weekly returns between KNSA and NXL is -0.17 over 3 years, -0.41 over 1 year and -0.14 over 5 years.
Is NXL a good diversifier for KNSA?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/knsa-vs-nxl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/knsa-vs-nxl/)
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Related comparisons
Hubs: KNSA correlations · NXL correlations
