KYNB vs NXT: Correlation
Kyntra Bio, Inc. (KYNB) and Nextpower Inc. (NXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KYNB and NXT?
Across a 3-year window, the weekly returns of KYNB and NXT correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 3079.3 %².
NXT is one of the assets that tracks KYNB most closely: it ranks #2 out of the 10 assets we track against KYNB. The last year tells two different stories: NXT led by 56.0 percentage points, -23.7% for KYNB against +32.3% for NXT. One caveat on sizing: KYNB is 2.0 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.
KYNB vs NXT: side by side
| KYNB (Kyntra Bio, Inc.) | NXT (Nextpower Inc.) | |
|---|---|---|
| 1-year return | -23.7% | +32.3% |
| 5-year return | -97.2% | n/a |
| Volatility (ann.) | 123.9% | 62.6% |
| Beta vs S&P 500 | 1.81 | 1.42 |
| Max drawdown (3Y) | -92.4% | -48.6% |
| Market cap | – | $13.8B |
| P/E (trailing) | – | 22.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KYNB | NXT |
|---|---|---|
| 2022 | +13.6% | – |
| 2023 | -94.5% | – |
| 2024 | -40.2% | -22.0% |
| 2025 | -33.7% | +138.5% |
| 2026 | -8.9% | +2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KYNB and NXT 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 KYNB and NXT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is NXT a good diversifier for KYNB?
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?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KYNB correlations · NXT correlations
