NNOX vs SLSN: Correlation
Measured on weekly returns over the past three years, NANO-X IMAGING LTD (NNOX) and Solesence, Inc. (SLSN) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNOX and SLSN?
Over the past 3 years, NNOX and SLSN moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 4106.1 %².
Among the 21 assets we track against NNOX, SLSN ranks #14 by 3-year correlation. Over the last 12 months SLSN came out ahead by 5.2 percentage points (-78.6% against -73.4%).
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.
NNOX vs SLSN: side by side
| NNOX (NANO-X IMAGING LTD) | SLSN (Solesence, Inc.) | |
|---|---|---|
| 1-year return | -78.6% | -73.4% |
| 5-year return | -96.5% | -58.3% |
| Volatility (ann.) | 106.8% | 103.9% |
| Beta vs S&P 500 | 1.70 | 1.53 |
| Max drawdown (3Y) | -93.5% | -87.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNOX | SLSN |
|---|---|---|
| 2022 | -49.2% | -74.3% |
| 2023 | -13.7% | -46.9% |
| 2024 | +13.0% | +306.7% |
| 2025 | -61.1% | -34.4% |
| 2026 | -69.9% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNOX and SLSN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NNOX and SLSN?
The NNOX/SLSN correlation stands at 0.37 on a 3-year window (1 year: 0.35, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is SLSN a good diversifier for NNOX?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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
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Related comparisons
Hubs: NNOX correlations · SLSN correlations
