NMTC vs ZSQR: Correlation
How closely do NeuroOne Medical Technologies Corporation (NMTC) and Z Squared Inc. (ZSQR) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMTC and ZSQR?
Across a 3-year window, the weekly returns of NMTC and ZSQR correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Stretching to 5 years gives 0.07, with an annualized covariance of 2270.4 %².
By 3-year correlation, ZSQR places #6 of the 13 assets tracked against NMTC. On 12-month performance NMTC holds a 12.2-point edge, -56.0% against -68.2%.
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.
NMTC vs ZSQR: side by side
| NMTC (NeuroOne Medical Technologies Corporation) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -68.2% |
| 5-year return | -91.3% | -97.9% |
| Volatility (ann.) | 83.8% | 98.5% |
| Beta vs S&P 500 | 1.16 | 0.28 |
| Max drawdown (3Y) | -86.8% | -89.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMTC | ZSQR |
|---|---|---|
| 2022 | -38.1% | -84.7% |
| 2023 | +31.7% | -48.8% |
| 2024 | -47.7% | -64.9% |
| 2025 | -8.2% | +159.1% |
| 2026 | -56.5% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMTC and ZSQR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NMTC and ZSQR?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.30 over the last year and 0.07 over 5 years.
Is ZSQR a good diversifier for NMTC?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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/nmtc-vs-zsqr.json
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[](https://www.pairbook.io/pair/nmtc-vs-zsqr/)
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Related comparisons
Hubs: NMTC correlations · ZSQR correlations
