NEXM vs QTI: Correlation
Measured on weekly returns over the past three years, NexMetals Mining Corp. (NEXM) and QT Imaging Holdings, Inc. (QTI) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXM and QTI?
On 3 years of weekly data the NEXM/QTI correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 2562.2 %².
Among the 11 assets we track against NEXM, QTI ranks #6 by 3-year correlation. The last year tells two different stories: NEXM led by 37.8 percentage points, -53.8% for NEXM against -91.6% for QTI.
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.
NEXM vs QTI: side by side
| NEXM (NexMetals Mining Corp.) | QTI (QT Imaging Holdings, Inc.) | |
|---|---|---|
| 1-year return | -53.8% | -91.6% |
| 5-year return | -87.5% | -97.9% |
| Volatility (ann.) | 73.4% | 108.2% |
| Beta vs S&P 500 | 1.07 | 0.12 |
| Max drawdown (3Y) | -92.1% | -98.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXM | QTI |
|---|---|---|
| 2022 | -29.6% | +3.1% |
| 2023 | -22.1% | +7.7% |
| 2024 | -67.8% | -95.6% |
| 2025 | -34.8% | -16.7% |
| 2026 | -36.2% | -48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXM and QTI good diversifiers for each other?
Reasonably. At 0.32, NEXM and QTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NEXM and QTI?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.39 over the last year and 0.25 over 5 years.
Is QTI a good diversifier for NEXM?
Reasonably. At 0.32, NEXM and QTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/nexm-vs-qti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nexm-vs-qti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEXM correlations · QTI correlations
