NRXP vs STZ: Correlation
NRX Pharmaceuticals, Inc. (NRXP) and Constellation Brands (STZ) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXP and STZ?
On 3 years of weekly data the NRXP/STZ correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -687.2 %².
STZ is close to the least connected end of NRXP's tracked universe, ranking #15 of 17. Correlation aside, the last 12 months split them widely, with NRXP ahead by 56.0 points (+40.3% versus -15.7%). Risk is not evenly split, since NRXP carries 4.2 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.
NRXP vs STZ: side by side
| NRXP (NRX Pharmaceuticals, Inc.) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | +40.3% | -15.7% |
| 5-year return | -97.5% | -31.9% |
| Volatility (ann.) | 112.5% | 26.6% |
| Beta vs S&P 500 | 1.30 | 0.41 |
| Max drawdown (3Y) | -83.5% | -51.3% |
| Market cap | $0.2B | $22.4B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | NRXP | STZ |
|---|---|---|
| 2022 | -76.8% | -6.4% |
| 2023 | -58.6% | +5.8% |
| 2024 | -52.2% | -7.1% |
| 2025 | +23.2% | -36.0% |
| 2026 | +33.6% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXP and STZ good diversifiers for each other?
Yes. With a correlation of -0.23, NRXP and STZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRXP and STZ?
As of 2026-08-27, the correlation of weekly returns between NRXP and STZ is -0.23 over 3 years, -0.27 over 1 year and -0.15 over 5 years.
Is STZ a good diversifier for NRXP?
Yes. With a correlation of -0.23, NRXP and STZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/nrxp-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrxp-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NRXP correlations · STZ correlations
