NEXR vs THCH: Correlation
Measured on weekly returns over the past three years, Nexera Technologies Ltd (NEXR) and TH International Limited (THCH) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXR and THCH?
On 3 years of weekly data the NEXR/THCH correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.48). The 5-year figure is 0.34, and annualized covariance runs at 20197.4 %².
By 3-year correlation, THCH places #9 of the 22 assets tracked against NEXR. Correlation aside, the last 12 months split them widely, with THCH ahead by 51.1 points (-99.7% versus -48.6%). Risk is not evenly split, since NEXR carries 10.2 times the volatility of the other side.
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 THCH: side by side
| NEXR (Nexera Technologies Ltd) | THCH (TH International Limited) | |
|---|---|---|
| 1-year return | -99.7% | -48.6% |
| 5-year return | n/a | -97.4% |
| Volatility (ann.) | 656.6% | 64.2% |
| Beta vs S&P 500 | 3.62 | 0.34 |
| Max drawdown (3Y) | -100.0% | -90.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEXR | THCH |
|---|---|---|
| 2022 | – | -71.7% |
| 2023 | -62.4% | -37.1% |
| 2024 | -15.7% | -59.4% |
| 2025 | -98.1% | -29.9% |
| 2026 | -98.3% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXR and THCH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEXR and THCH?
As of 2026-08-27, the correlation of weekly returns between NEXR and THCH is 0.48 over 3 years, 0.08 over 1 year and 0.34 over 5 years.
Is THCH a good diversifier for NEXR?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-thch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nexr-vs-thch/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEXR correlations · THCH correlations
