NXTS vs SPCB: Correlation
Measured on weekly returns over the past three years, Nexentis Technologies Inc. (NXTS) and SuperCom, Ltd. (SPCB) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and SPCB?
Across a 3-year window, the weekly returns of NXTS and SPCB correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.64 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 43227.1 %².
In NXTS's tracked universe of 24 assets, SPCB sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months SPCB outperformed by 108.4 percentage points (-96.3% for NXTS against +12.1% for SPCB). One caveat on sizing: NXTS is 4.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NXTS vs SPCB: side by side
| NXTS (Nexentis Technologies Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -96.3% | +12.1% |
| 5-year return | -100.0% | -95.6% |
| Volatility (ann.) | 565.9% | 119.2% |
| Beta vs S&P 500 | 0.14 | 1.19 |
| Max drawdown (3Y) | -99.9% | -84.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.2 | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | SPCB |
|---|---|---|
| 2022 | -81.2% | -68.2% |
| 2023 | -62.2% | -78.1% |
| 2024 | -87.6% | -38.2% |
| 2025 | -80.6% | +87.8% |
| 2026 | -83.8% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and SPCB good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NXTS and SPCB?
The NXTS/SPCB correlation stands at 0.64 on a 3-year window (1 year: 0.01, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SPCB a good diversifier for NXTS?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/nxts-vs-spcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nxts-vs-spcb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXTS correlations · SPCB correlations
