NMRA vs NXTS: Correlation
Neumora Therapeutics, Inc. (NMRA) and Nexentis Technologies Inc. (NXTS) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRA and NXTS?
Over the past 3 years, NMRA and NXTS moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -25248.3 %².
Among the 11 assets we track against NMRA, NXTS sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months NMRA outperformed by 80.4 percentage points (-15.9% for NMRA against -96.3% for NXTS). Risk is not evenly split, since NXTS carries 5.1 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.
NMRA vs NXTS: side by side
| NMRA (Neumora Therapeutics, Inc.) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | -15.9% | -96.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 111.2% | 565.9% |
| Beta vs S&P 500 | 2.04 | 0.14 |
| Max drawdown (3Y) | -96.9% | -99.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRA | NXTS |
|---|---|---|
| 2022 | – | -81.2% |
| 2023 | – | -62.2% |
| 2024 | -37.8% | -87.6% |
| 2025 | -83.1% | -80.6% |
| 2026 | -17.3% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRA and NXTS good diversifiers for each other?
Yes. With a correlation of -0.40, NMRA and NXTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NMRA and NXTS?
The NMRA/NXTS correlation stands at -0.40 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NXTS a good diversifier for NMRA?
Yes. With a correlation of -0.40, NMRA and NXTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nmra-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmra-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMRA correlations · NXTS correlations
