NN vs RMSG: Correlation
NextNav Inc. (NN) and Real Messenger Corporation (RMSG) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NN and RMSG?
On 3 years of weekly data the NN/RMSG correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.39). The 5-year figure is 0.31, and annualized covariance runs at 9727.7 %².
By 3-year correlation, RMSG places #4 of the 10 assets tracked against NN. Correlation aside, the last 12 months split them widely, with NN ahead by 77.3 points (-11.7% versus -89.0%). Risk is not evenly split, since RMSG carries 4.4 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.
NN vs RMSG: side by side
| NN (NextNav Inc.) | RMSG (Real Messenger Corporation) | |
|---|---|---|
| 1-year return | -11.7% | -89.0% |
| 5-year return | +56.5% | -96.3% |
| Volatility (ann.) | 75.3% | 329.1% |
| Beta vs S&P 500 | 1.45 | 4.85 |
| Max drawdown (3Y) | -47.8% | -99.1% |
| Market cap | $2.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NN | RMSG |
|---|---|---|
| 2022 | -66.6% | +5.1% |
| 2023 | +51.9% | +9.6% |
| 2024 | +249.7% | -77.7% |
| 2025 | +6.9% | -47.1% |
| 2026 | -5.6% | -73.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NN and RMSG good diversifiers for each other?
Reasonably. At 0.39, NN and RMSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NN and RMSG?
The NN/RMSG correlation stands at 0.39 on a 3-year window (1 year: 0.63, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is RMSG a good diversifier for NN?
Reasonably. At 0.39, NN and RMSG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/nn-vs-rmsg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nn-vs-rmsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NN correlations · RMSG correlations
