NXTS vs STEM: Correlation
How closely do Nexentis Technologies Inc. (NXTS) and Stem, Inc. (STEM) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and STEM?
On 3 years of weekly data the NXTS/STEM correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.52). The 5-year figure is 0.46, and annualized covariance runs at 38448.3 %².
Among the 24 assets we track against NXTS, STEM ranks #7 by 3-year correlation. The last year tells two different stories: STEM led by 31.4 percentage points, -96.3% for NXTS against -64.9% for STEM. Note the risk asymmetry: NXTS runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STEM: side by side
| NXTS (Nexentis Technologies Inc.) | STEM (Stem, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -64.9% |
| 5-year return | -100.0% | -98.9% |
| Volatility (ann.) | 565.9% | 129.9% |
| Beta vs S&P 500 | 0.14 | 2.49 |
| Max drawdown (3Y) | -99.9% | -95.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | STEM |
|---|---|---|
| 2022 | -81.2% | -52.9% |
| 2023 | -62.2% | -56.6% |
| 2024 | -87.6% | -84.5% |
| 2025 | -80.6% | +24.8% |
| 2026 | -83.8% | -62.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and STEM good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NXTS and STEM?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.27 over the last year and 0.46 over 5 years.
Is STEM a good diversifier for NXTS?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-stem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxts-vs-stem/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXTS correlations · STEM correlations
