NEXR vs PYXS: Correlation
Measured on weekly returns over the past three years, Nexera Technologies Ltd (NEXR) and Pyxis Oncology, Inc. (PYXS) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXR and PYXS?
On 3 years of weekly data the NEXR/PYXS correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.26). The 5-year figure is -0.22, and annualized covariance runs at -20481.5 %².
Within NEXR's tracked universe of 22 assets, PYXS comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PYXS ahead by 243.8 points (-99.7% versus +144.1%). Note the risk asymmetry: NEXR runs 5.5 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.
NEXR vs PYXS: side by side
| NEXR (Nexera Technologies Ltd) | PYXS (Pyxis Oncology, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | +144.1% |
| 5-year return | n/a | -74.8% |
| Volatility (ann.) | 656.6% | 120.2% |
| Beta vs S&P 500 | 3.62 | 1.51 |
| Max drawdown (3Y) | -100.0% | -86.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXR | PYXS |
|---|---|---|
| 2022 | – | -87.8% |
| 2023 | -62.4% | +34.3% |
| 2024 | -15.7% | -13.3% |
| 2025 | -98.1% | -26.3% |
| 2026 | -98.3% | +188.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXR and PYXS good diversifiers for each other?
Yes. With a correlation of -0.26, NEXR and PYXS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NEXR and PYXS?
As of 2026-08-27, the correlation of weekly returns between NEXR and PYXS is -0.26 over 3 years, -0.03 over 1 year and -0.22 over 5 years.
Is PYXS a good diversifier for NEXR?
Yes. With a correlation of -0.26, NEXR and PYXS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/nexr-vs-pyxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nexr-vs-pyxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEXR correlations · PYXS correlations
