NCI vs RXT: Correlation
Neo-Concept International Group Holdings Limited - Class A (NCI) and Rackspace Technology, Inc. (RXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCI and RXT?
Over the past 3 years, NCI and RXT moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 20291.8 %².
RXT is one of the assets that tracks NCI most closely: it ranks #3 out of the 20 assets we track against NCI. Correlation aside, the last 12 months split them widely, with RXT ahead by 185.1 points (-5.8% versus +179.3%).
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.
NCI vs RXT: side by side
| NCI (Neo-Concept International Group Holdings Limited - Class A) | RXT (Rackspace Technology, Inc.) | |
|---|---|---|
| 1-year return | -5.8% | +179.3% |
| 5-year return | n/a | -75.7% |
| Volatility (ann.) | 184.4% | 230.1% |
| Beta vs S&P 500 | -0.24 | 3.34 |
| Max drawdown (3Y) | -99.0% | -86.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | 154.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCI | RXT |
|---|---|---|
| 2022 | – | -78.1% |
| 2023 | – | -32.2% |
| 2024 | – | +10.5% |
| 2025 | -65.8% | -56.1% |
| 2026 | +36.7% | +248.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCI and RXT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NCI and RXT?
As of 2026-08-27, the correlation of weekly returns between NCI and RXT is 0.43 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is RXT a good diversifier for NCI?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/nci-vs-rxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nci-vs-rxt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NCI correlations · RXT correlations
