NHTC vs TCRX: Correlation
Measured on weekly returns over the past three years, Natural Health Trends Corp. (NHTC) and TScan Therapeutics, Inc. (TCRX) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NHTC and TCRX?
Over the past 3 years, NHTC and TCRX moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1083.9 %².
In NHTC's tracked universe of 13 assets, TCRX sits right near the top at #2. Their 12-month results are close: -56.2% for NHTC against -59.9% for TCRX. Note the risk asymmetry: TCRX runs 2.0 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.
NHTC vs TCRX: side by side
| NHTC (Natural Health Trends Corp.) | TCRX (TScan Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -56.2% | -59.9% |
| 5-year return | -50.8% | -91.3% |
| Volatility (ann.) | 40.5% | 82.6% |
| Beta vs S&P 500 | 0.59 | 2.01 |
| Max drawdown (3Y) | -71.7% | -92.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 35.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NHTC | TCRX |
|---|---|---|
| 2022 | -42.1% | -65.6% |
| 2023 | +96.2% | +276.1% |
| 2024 | -11.5% | -47.9% |
| 2025 | -20.5% | -67.1% |
| 2026 | -41.3% | -25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NHTC and TCRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NHTC and TCRX?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.42 over the last year and 0.26 over 5 years.
Is TCRX a good diversifier for NHTC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/nhtc-vs-tcrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nhtc-vs-tcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NHTC correlations · TCRX correlations
