LCTX vs NEXR: Correlation
Lineage Cell Therapeutics, Inc. (LCTX) and Nexera Technologies Ltd (NEXR) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCTX and NEXR?
Across a 3-year window, the weekly returns of LCTX and NEXR correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.32 over 3 years. Stretching to 5 years gives -0.28, with an annualized covariance of -15114.4 %².
Out of 11 assets tracked against LCTX, NEXR lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months LCTX outperformed by 94.8 percentage points (-4.9% for LCTX against -99.7% for NEXR). One caveat on sizing: NEXR is 9.1 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.
LCTX vs NEXR: side by side
| LCTX (Lineage Cell Therapeutics, Inc.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | -4.9% | -99.7% |
| 5-year return | -52.7% | n/a |
| Volatility (ann.) | 72.1% | 656.6% |
| Beta vs S&P 500 | 1.00 | 3.62 |
| Max drawdown (3Y) | -73.6% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCTX | NEXR |
|---|---|---|
| 2022 | -52.2% | – |
| 2023 | -6.8% | -62.4% |
| 2024 | -54.1% | -15.7% |
| 2025 | +234.0% | -98.1% |
| 2026 | -30.5% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCTX and NEXR good diversifiers for each other?
Yes. With a correlation of -0.32, LCTX and NEXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LCTX and NEXR?
The LCTX/NEXR correlation stands at -0.32 on a 3-year window (1 year: 0.13, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is NEXR a good diversifier for LCTX?
Yes. With a correlation of -0.32, LCTX and NEXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lctx-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lctx-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCTX correlations · NEXR correlations
