NXT vs VRRM: Correlation
How closely do Nextpower Inc. (NXT) and Verra Mobility Corporation (VRRM) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXT and VRRM?
On 3 years of weekly data the NXT/VRRM correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -651.2 %².
Out of 11 assets tracked against NXT, VRRM lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with NXT ahead by 114.9 points (+32.3% versus -82.6%).
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.
NXT vs VRRM: side by side
| NXT (Nextpower Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +32.3% | -82.6% |
| 5-year return | n/a | -71.6% |
| Volatility (ann.) | 62.6% | 50.8% |
| Beta vs S&P 500 | 1.42 | 0.33 |
| Max drawdown (3Y) | -48.6% | -87.5% |
| Market cap | $13.8B | $0.7B |
| P/E (trailing) | 22.5 | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXT | VRRM |
|---|---|---|
| 2022 | – | -10.4% |
| 2023 | – | +66.5% |
| 2024 | -22.0% | +5.0% |
| 2025 | +138.5% | -7.3% |
| 2026 | +2.8% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXT and VRRM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NXT and VRRM?
The NXT/VRRM correlation stands at -0.20 on a 3-year window (1 year: -0.45, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VRRM a good diversifier for NXT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/nxt-vs-vrrm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxt-vs-vrrm/)
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Related comparisons
Hubs: NXT correlations · VRRM correlations
