MBOT vs NXTS: Correlation
How closely do Microbot Medical Inc. (MBOT) and Nexentis Technologies Inc. (NXTS) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBOT and NXTS?
Over the past 3 years, MBOT and NXTS moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 32106.6 %².
In MBOT's tracked universe of 19 assets, NXTS sits right near the top at #1. The last year tells two different stories: MBOT led by 33.2 percentage points, -63.1% for MBOT against -96.3% for NXTS. Risk is not evenly split, since NXTS carries 5.8 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.
MBOT vs NXTS: side by side
| MBOT (Microbot Medical Inc.) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -63.1% | -96.3% |
| 5-year return | -79.9% | -100.0% |
| Volatility (ann.) | 97.0% | 565.9% |
| Beta vs S&P 500 | 1.83 | 0.14 |
| Max drawdown (3Y) | -67.3% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBOT | NXTS |
|---|---|---|
| 2022 | -59.9% | -81.2% |
| 2023 | -45.5% | -62.2% |
| 2024 | -31.7% | -87.6% |
| 2025 | +78.6% | -80.6% |
| 2026 | -25.0% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBOT and NXTS good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MBOT and NXTS?
As of 2026-08-27, the correlation of weekly returns between MBOT and NXTS is 0.59 over 3 years, 0.30 over 1 year and 0.45 over 5 years.
Is NXTS a good diversifier for MBOT?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mbot-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbot-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBOT correlations · NXTS correlations
