NRXP vs NXTS: Correlation
How closely do NRX Pharmaceuticals, Inc. (NRXP) and Nexentis Technologies Inc. (NXTS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXP and NXTS?
Over the past 3 years, NRXP and NXTS moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 24818.7 %².
Within NRXP's tracked universe of 17 assets, NXTS comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRXP outperformed by 136.6 percentage points (+40.3% for NRXP against -96.3% for NXTS). One caveat on sizing: NXTS is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NRXP vs NXTS: side by side
| NRXP (NRX Pharmaceuticals, Inc.) | NXTS (Nexentis Technologies Inc.) | |
|---|---|---|
| 1-year return | +40.3% | -96.3% |
| 5-year return | -97.5% | -100.0% |
| Volatility (ann.) | 112.5% | 565.9% |
| Beta vs S&P 500 | 1.30 | 0.14 |
| Max drawdown (3Y) | -83.5% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRXP | NXTS |
|---|---|---|
| 2022 | -76.8% | -81.2% |
| 2023 | -58.6% | -62.2% |
| 2024 | -52.2% | -87.6% |
| 2025 | +23.2% | -80.6% |
| 2026 | +33.6% | -83.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXP and NXTS good diversifiers for each other?
Reasonably. At 0.39, NRXP and NXTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NRXP and NXTS?
As of 2026-08-27, the correlation of weekly returns between NRXP and NXTS is 0.39 over 3 years, 0.30 over 1 year and 0.30 over 5 years.
Is NXTS a good diversifier for NRXP?
Reasonably. At 0.39, NRXP and NXTS 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/nrxp-vs-nxts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrxp-vs-nxts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRXP correlations · NXTS correlations
