NEXN vs OMH: Correlation
Nexxen International Ltd. (NEXN) and Ohmyhome Limited - Class A (OMH) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXN and OMH?
Across a 3-year window, the weekly returns of NEXN and OMH correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.24 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -5015.6 %².
Out of 10 assets tracked against NEXN, OMH lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with NEXN ahead by 96.2 points (+2.6% versus -93.6%). Note the risk asymmetry: OMH runs 9.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OMH: side by side
| NEXN (Nexxen International Ltd.) | OMH (Ohmyhome Limited - Class A) | |
|---|---|---|
| 1-year return | +2.6% | -93.6% |
| 5-year return | -49.7% | n/a |
| Volatility (ann.) | 45.7% | 448.2% |
| Beta vs S&P 500 | 0.87 | -3.85 |
| Max drawdown (3Y) | -53.7% | -97.9% |
| 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 | OMH |
|---|---|---|
| 2022 | -57.4% | – |
| 2023 | -21.6% | – |
| 2024 | +98.0% | -73.9% |
| 2025 | -34.7% | +102.0% |
| 2026 | +54.7% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXN and OMH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between NEXN and OMH?
As of 2026-08-27, the correlation of weekly returns between NEXN and OMH is -0.24 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is OMH a good diversifier for NEXN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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
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Related comparisons
Hubs: NEXN correlations · OMH correlations
