NXGL vs PSIG: Correlation
How closely do NexGel, Inc (NXGL) and PS International Group Ltd. (PSIG) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXGL and PSIG?
Over the past 3 years, NXGL and PSIG moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4680.9 %².
Among the 11 assets we track against NXGL, PSIG sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months PSIG outperformed by 31.1 percentage points (-85.0% for NXGL against -53.9% for PSIG). Risk is not evenly split, since PSIG carries 2.0 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.
NXGL vs PSIG: side by side
| NXGL (NexGel, Inc) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | -85.0% | -53.9% |
| 5-year return | -90.1% | n/a |
| Volatility (ann.) | 79.8% | 157.0% |
| Beta vs S&P 500 | 1.14 | 0.97 |
| Max drawdown (3Y) | -93.3% | -96.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXGL | PSIG |
|---|---|---|
| 2022 | -52.1% | – |
| 2023 | +70.4% | – |
| 2024 | +109.4% | – |
| 2025 | -63.9% | +8.3% |
| 2026 | -78.3% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXGL and PSIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXGL and PSIG?
As of 2026-08-27, the correlation of weekly returns between NXGL and PSIG is -0.34 over 3 years, -0.34 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for NXGL?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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/nxgl-vs-psig.json
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Related comparisons
Hubs: NXGL correlations · PSIG correlations
