MBAI vs NXTT: Correlation
Check-Cap Ltd. (MBAI) and Next Technology Holding Inc. (NXTT) show a very strong relationship: their 3-year correlation of weekly returns is 0.92.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and NXTT?
Across a 3-year window, the weekly returns of MBAI and NXTT correlate at 0.92, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.93) sits close to the 3-year figure. Stretching to 5 years gives 0.91, with an annualized covariance of 3356586.2 %².
Within MBAI's tracked universe of 26 assets, NXTT comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MBAI outperformed by 1005.1 percentage points (+910.8% for MBAI against -94.3% for NXTT). Risk is not evenly split, since NXTT carries 16.2 times the volatility of the other side.
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.
MBAI vs NXTT: side by side
| MBAI (Check-Cap Ltd.) | NXTT (Next Technology Holding Inc.) | |
|---|---|---|
| 1-year return | +910.8% | -94.3% |
| 5-year return | -69.3% | -100.0% |
| Volatility (ann.) | 474.4% | 7704.0% |
| Beta vs S&P 500 | 1.76 | 8.14 |
| Max drawdown (3Y) | -87.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 1.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBAI | NXTT |
|---|---|---|
| 2022 | -83.7% | – |
| 2023 | -5.5% | -93.9% |
| 2024 | -52.4% | -36.6% |
| 2025 | +63.6% | -98.8% |
| 2026 | +305.6% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and NXTT good diversifiers for each other?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between MBAI and NXTT?
Using weekly returns as of 2026-08-27: 0.92 over 3 years, with 0.93 over the last year and 0.91 over 5 years.
Is NXTT a good diversifier for MBAI?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.92 mean?
On the −1 to +1 scale, 0.92 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/mbai-vs-nxtt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbai-vs-nxtt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBAI correlations · NXTT correlations
