NNOX vs SOUN: Correlation
Measured on weekly returns over the past three years, NANO-X IMAGING LTD (NNOX) and SoundHound AI, Inc. (SOUN) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNOX and SOUN?
On 3 years of weekly data the NNOX/SOUN correlation comes out at 0.56, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.56). The 5-year figure is 0.27, and annualized covariance runs at 6834.6 %².
Few assets follow NNOX as closely as SOUN, which ranks #3 of 21 tracked partners. The last year tells two different stories: SOUN led by 39.2 percentage points, -78.6% for NNOX against -39.4% for SOUN.
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 SOUN: side by side
| NNOX (NANO-X IMAGING LTD) | SOUN (SoundHound AI, Inc.) | |
|---|---|---|
| 1-year return | -78.6% | -39.4% |
| 5-year return | -96.5% | -3.7% |
| Volatility (ann.) | 106.8% | 114.8% |
| Beta vs S&P 500 | 1.70 | 3.35 |
| Max drawdown (3Y) | -93.5% | -76.5% |
| Market cap | $0.1B | $3.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNOX | SOUN |
|---|---|---|
| 2022 | -49.2% | – |
| 2023 | -13.7% | +19.8% |
| 2024 | +13.0% | +835.8% |
| 2025 | -61.1% | -49.7% |
| 2026 | -69.9% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNOX and SOUN good diversifiers for each other?
Only partially. A correlation of 0.56 means NNOX and SOUN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NNOX and SOUN?
As of 2026-08-27, the correlation of weekly returns between NNOX and SOUN is 0.56 over 3 years, 0.29 over 1 year and 0.27 over 5 years.
Is SOUN a good diversifier for NNOX?
Only partially. A correlation of 0.56 means NNOX and SOUN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/nnox-vs-soun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nnox-vs-soun/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NNOX correlations · SOUN correlations
