NUAI vs SLNH: Correlation
New Era Energy & Digital, Inc. (NUAI) and Soluna Holdings, Inc. (SLNH) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NUAI and SLNH?
On 3 years of weekly data the NUAI/SLNH correlation comes out at 0.55, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.55 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 17643.4 %².
SLNH is one of the assets that tracks NUAI most closely: it ranks #2 out of the 14 assets we track against NUAI. Their recent paths diverged sharply: over the last 12 months NUAI outperformed by 778.1 percentage points (+926.0% for NUAI against +147.9% for SLNH).
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.
NUAI vs SLNH: side by side
| NUAI (New Era Energy & Digital, Inc.) | SLNH (Soluna Holdings, Inc.) | |
|---|---|---|
| 1-year return | +926.0% | +147.9% |
| 5-year return | -47.8% | -99.5% |
| Volatility (ann.) | 179.9% | 179.3% |
| Beta vs S&P 500 | 1.47 | 3.25 |
| Max drawdown (3Y) | -97.2% | -94.8% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NUAI | SLNH |
|---|---|---|
| 2022 | – | -97.6% |
| 2023 | +5.1% | -38.5% |
| 2024 | -43.6% | -47.5% |
| 2025 | -51.2% | -44.3% |
| 2026 | +75.1% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NUAI and SLNH good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NUAI and SLNH?
The NUAI/SLNH correlation stands at 0.55 on a 3-year window (1 year: 0.72, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SLNH a good diversifier for NUAI?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/nuai-vs-slnh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nuai-vs-slnh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NUAI correlations · SLNH correlations
