NRXS vs RLMD: Correlation
Neuraxis, Inc. (NRXS) and Relmada Therapeutics, Inc. (RLMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXS and RLMD?
On 3 years of weekly data the NRXS/RLMD correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.37). The 5-year figure is n/a, and annualized covariance runs at 4033.5 %².
By 3-year correlation, RLMD places #6 of the 12 assets tracked against NRXS. Correlation aside, the last 12 months split them widely, with RLMD ahead by 425.8 points (+148.8% versus +574.6%). Note the risk asymmetry: RLMD 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 RLMD: side by side
| NRXS (Neuraxis, Inc.) | RLMD (Relmada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +148.8% | +574.6% |
| 5-year return | n/a | -81.0% |
| Volatility (ann.) | 82.2% | 134.2% |
| Beta vs S&P 500 | 0.96 | 1.62 |
| Max drawdown (3Y) | -69.2% | -96.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRXS | RLMD |
|---|---|---|
| 2022 | – | -84.5% |
| 2023 | – | +18.6% |
| 2024 | -12.0% | -87.4% |
| 2025 | +93.2% | +828.8% |
| 2026 | +32.6% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXS and RLMD good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NRXS and RLMD?
As of 2026-08-27, the correlation of weekly returns between NRXS and RLMD is 0.37 over 3 years, 0.16 over 1 year and n/a over 5 years.
Is RLMD a good diversifier for NRXS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/nrxs-vs-rlmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nrxs-vs-rlmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRXS correlations · RLMD correlations
