NRXS vs PEGA: Correlation
Measured on weekly returns over the past three years, Neuraxis, Inc. (NRXS) and Pegasystems Inc. (PEGA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXS and PEGA?
On 3 years of weekly data the NRXS/PEGA correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.39 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1614.7 %².
Few assets follow NRXS as closely as PEGA, which ranks #3 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months NRXS outperformed by 180.6 percentage points (+148.8% for NRXS against -31.8% for PEGA). Note the risk asymmetry: NRXS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NRXS vs PEGA: side by side
| NRXS (Neuraxis, Inc.) | PEGA (Pegasystems Inc.) | |
|---|---|---|
| 1-year return | +148.8% | -31.8% |
| 5-year return | n/a | -47.4% |
| Volatility (ann.) | 82.2% | 50.2% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -69.2% | -60.9% |
| Market cap | $0.1B | $5.9B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRXS | PEGA |
|---|---|---|
| 2022 | – | -69.3% |
| 2023 | – | +43.1% |
| 2024 | -12.0% | +91.0% |
| 2025 | +93.2% | +28.4% |
| 2026 | +32.6% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXS and PEGA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NRXS and PEGA?
The NRXS/PEGA correlation stands at 0.39 on a 3-year window (1 year: 0.16, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PEGA a good diversifier for NRXS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined 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.
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[](https://www.pairbook.io/pair/nrxs-vs-pega/)
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Related comparisons
Hubs: NRXS correlations · PEGA correlations
