NXH vs TDOC: Correlation
Measured on weekly returns over the past three years, Neighborhood Intelligence, Inc. (NXH) and Teladoc Health, Inc. (TDOC) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXH and TDOC?
Across a 3-year window, the weekly returns of NXH and TDOC correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 2411.2 %².
Among the 13 assets we track against NXH, TDOC ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TDOC ahead by 39.0 points (-56.8% versus -17.8%).
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.
NXH vs TDOC: side by side
| NXH (Neighborhood Intelligence, Inc.) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | -56.8% | -17.8% |
| 5-year return | -94.6% | -95.6% |
| Volatility (ann.) | 84.1% | 58.1% |
| Beta vs S&P 500 | 2.56 | 1.55 |
| Max drawdown (3Y) | -89.8% | -80.5% |
| Market cap | $0.4B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXH | TDOC |
|---|---|---|
| 2022 | -67.2% | -74.2% |
| 2023 | +43.0% | -8.9% |
| 2024 | -82.2% | -57.8% |
| 2025 | +10.8% | -23.0% |
| 2026 | -27.8% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXH and TDOC good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NXH and TDOC?
The NXH/TDOC correlation stands at 0.49 on a 3-year window (1 year: 0.47, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is TDOC a good diversifier for NXH?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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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Related comparisons
Hubs: NXH correlations · TDOC correlations
