NEXR vs SLN: Correlation
Nexera Technologies Ltd (NEXR) and Silence Therapeutics Plc - American Depository Share (SLN) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXR and SLN?
Across a 3-year window, the weekly returns of NEXR and SLN correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.26 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -14467.5 %².
Among the 22 assets we track against NEXR, SLN sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months SLN outperformed by 258.4 percentage points (-99.7% for NEXR against +158.7% for SLN). One caveat on sizing: NEXR is 7.6 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.
NEXR vs SLN: side by side
| NEXR (Nexera Technologies Ltd) | SLN (Silence Therapeutics Plc - American Depository Share) | |
|---|---|---|
| 1-year return | -99.7% | +158.7% |
| 5-year return | n/a | -42.5% |
| Volatility (ann.) | 656.6% | 86.0% |
| Beta vs S&P 500 | 3.62 | 1.27 |
| Max drawdown (3Y) | -100.0% | -91.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXR | SLN |
|---|---|---|
| 2022 | – | -36.2% |
| 2023 | -62.4% | +13.9% |
| 2024 | -15.7% | -60.4% |
| 2025 | -98.1% | -11.6% |
| 2026 | -98.3% | +121.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXR and SLN good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NEXR and SLN?
As of 2026-08-27, the correlation of weekly returns between NEXR and SLN is -0.26 over 3 years, 0.09 over 1 year and -0.23 over 5 years.
Is SLN a good diversifier for NEXR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/nexr-vs-sln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nexr-vs-sln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEXR correlations · SLN correlations
