LIN vs NXTT: Correlation
Measured on weekly returns over the past three years, Linde plc (LIN) and Next Technology Holding Inc. (NXTT) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and NXTT?
Across a 3-year window, the weekly returns of LIN and NXTT correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -24352.5 %².
By 3-year correlation, NXTT places #28 of the 36 assets tracked against LIN. Correlation aside, the last 12 months split them widely, with LIN ahead by 96.2 points (+1.9% versus -94.3%). One caveat on sizing: NXTT is 466.9 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.
LIN vs NXTT: side by side
| LIN (Linde plc) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | +1.9% | -94.3% |
| 5-year return | +64.6% | -100.0% |
| Volatility (ann.) | 16.5% | 7704.0% |
| Beta vs S&P 500 | 0.37 | 8.14 |
| Max drawdown (3Y) | -19.2% | -100.0% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LIN | NXTT |
|---|---|---|
| 2022 | -4.4% | – |
| 2023 | +27.7% | -93.9% |
| 2024 | +3.2% | -36.6% |
| 2025 | +3.2% | -98.8% |
| 2026 | +14.6% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and NXTT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIN and NXTT?
As of 2026-08-27, the correlation of weekly returns between LIN and NXTT is -0.19 over 3 years, -0.27 over 1 year and -0.15 over 5 years.
Is NXTT a good diversifier for LIN?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/lin-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lin-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIN correlations · NXTT correlations
