NXTC vs PNR: Correlation
NextCure, Inc. (NXTC) and Pentair (PNR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTC and PNR?
Over the past 3 years, NXTC and PNR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -944.7 %².
Among the 18 assets we track against NXTC, PNR ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NXTC outperformed by 57.8 percentage points (+15.3% for NXTC against -42.5% for PNR). Risk is not evenly split, since NXTC carries 5.7 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.
NXTC vs PNR: side by side
| NXTC (NextCure, Inc.) | PNR (Pentair) | |
|---|---|---|
| 1-year return | +15.3% | -42.5% |
| 5-year return | -93.2% | -14.1% |
| Volatility (ann.) | 160.1% | 28.2% |
| Beta vs S&P 500 | 1.18 | 1.07 |
| Max drawdown (3Y) | -94.6% | -45.0% |
| Market cap | – | $9.9B |
| P/E (trailing) | – | 16.2 |
| Dividend yield | 0.00% | 1.65% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NXTC | PNR |
|---|---|---|
| 2022 | -76.5% | -37.4% |
| 2023 | -19.1% | +64.2% |
| 2024 | -32.4% | +40.0% |
| 2025 | +53.4% | +4.5% |
| 2026 | -57.5% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTC and PNR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NXTC and PNR?
As of 2026-08-27, the correlation of weekly returns between NXTC and PNR is -0.21 over 3 years, -0.44 over 1 year and -0.13 over 5 years.
Is PNR a good diversifier for NXTC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxtc-vs-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxtc-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXTC correlations · PNR correlations
