NNOX vs TRVI: Correlation
NANO-X IMAGING LTD (NNOX) and Trevi Therapeutics, Inc. (TRVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNOX and TRVI?
Over the past 3 years, NNOX and TRVI moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.41 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 3541.9 %².
By 3-year correlation, TRVI places #11 of the 21 assets tracked against NNOX. Correlation aside, the last 12 months split them widely, with TRVI ahead by 203.1 points (-78.6% versus +124.5%).
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 TRVI: side by side
| NNOX (NANO-X IMAGING LTD) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -78.6% | +124.5% |
| 5-year return | -96.5% | +1008.6% |
| Volatility (ann.) | 106.8% | 81.1% |
| Beta vs S&P 500 | 1.70 | 0.55 |
| Max drawdown (3Y) | -93.5% | -54.7% |
| Market cap | $0.1B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NNOX | TRVI |
|---|---|---|
| 2022 | -49.2% | +146.8% |
| 2023 | -13.7% | -30.6% |
| 2024 | +13.0% | +207.5% |
| 2025 | -61.1% | +203.9% |
| 2026 | -69.9% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNOX and TRVI good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NNOX and TRVI?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.14 over the last year and 0.19 over 5 years.
Is TRVI a good diversifier for NNOX?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/nnox-vs-trvi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nnox-vs-trvi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NNOX correlations · TRVI correlations
