NEXN vs NEXR: Correlation
How closely do Nexxen International Ltd. (NEXN) and Nexera Technologies Ltd (NEXR) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXN and NEXR?
Across a 3-year window, the weekly returns of NEXN and NEXR correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.31, with an annualized covariance of 12267.3 %².
NEXR is one of the assets that tracks NEXN most closely: it ranks #2 out of the 10 assets we track against NEXN. The last year tells two different stories: NEXN led by 102.3 percentage points, +2.6% for NEXN against -99.7% for NEXR. One caveat on sizing: NEXR is 14.4 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.
NEXN vs NEXR: side by side
| NEXN (Nexxen International Ltd.) | NEXR (Nexera Technologies Ltd) | |
|---|---|---|
| 1-year return | +2.6% | -99.7% |
| 5-year return | -49.7% | n/a |
| Volatility (ann.) | 45.7% | 656.6% |
| Beta vs S&P 500 | 0.87 | 3.62 |
| Max drawdown (3Y) | -53.7% | -100.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | 46.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXN | NEXR |
|---|---|---|
| 2022 | -57.4% | – |
| 2023 | -21.6% | -62.4% |
| 2024 | +98.0% | -15.7% |
| 2025 | -34.7% | -98.1% |
| 2026 | +54.7% | -98.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXN and NEXR good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEXN and NEXR?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.05 over the last year and 0.31 over 5 years.
Is NEXR a good diversifier for NEXN?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/nexn-vs-nexr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nexn-vs-nexr/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: NEXN correlations · NEXR correlations
