NXTS vs VSTM: Correlation
Nexentis Technologies Inc. (NXTS) and Verastem, Inc. (VSTM) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and VSTM?
On 3 years of weekly data the NXTS/VSTM correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.51). The 5-year figure is 0.37, and annualized covariance runs at 29741.6 %².
By 3-year correlation, VSTM places #8 of the 24 assets tracked against NXTS. Their recent paths diverged sharply: over the last 12 months VSTM outperformed by 75.7 percentage points (-96.3% for NXTS against -20.6% for VSTM). Risk is not evenly split, since NXTS carries 5.5 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.
NXTS vs VSTM: side by side
| NXTS (Nexentis Technologies Inc.) | VSTM (Verastem, Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -20.6% |
| 5-year return | -100.0% | -77.0% |
| Volatility (ann.) | 565.9% | 102.2% |
| Beta vs S&P 500 | 0.14 | 1.38 |
| Max drawdown (3Y) | -99.9% | -84.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | VSTM |
|---|---|---|
| 2022 | -81.2% | -80.5% |
| 2023 | -62.2% | +69.6% |
| 2024 | -87.6% | -36.5% |
| 2025 | -80.6% | +49.3% |
| 2026 | -83.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and VSTM good diversifiers for each other?
To a limited degree. At 0.51 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 VSTM?
The NXTS/VSTM correlation stands at 0.51 on a 3-year window (1 year: -0.01, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VSTM a good diversifier for NXTS?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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
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Related comparisons
Hubs: NXTS correlations · VSTM correlations
