NXTS vs WATT: Correlation
Nexentis Technologies Inc. (NXTS) and Energous Corporation (WATT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and WATT?
Across a 3-year window, the weekly returns of NXTS and WATT correlate at 0.48, moderate. The past 12 months show a weaker link (0.00) than the 3-year average (0.48). Stretching to 5 years gives 0.46, with an annualized covariance of 32097.6 %².
Among the 24 assets we track against NXTS, WATT ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WATT ahead by 142.9 points (-96.3% versus +46.6%). One caveat on sizing: NXTS is 4.8 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 WATT: side by side
| NXTS (Nexentis Technologies Inc.) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | -96.3% | +46.6% |
| 5-year return | -100.0% | -99.2% |
| Volatility (ann.) | 565.9% | 117.2% |
| Beta vs S&P 500 | 0.14 | 1.35 |
| Max drawdown (3Y) | -99.9% | -95.3% |
| 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 | WATT |
|---|---|---|
| 2022 | -81.2% | -33.1% |
| 2023 | -62.2% | -89.1% |
| 2024 | -87.6% | -44.8% |
| 2025 | -80.6% | -86.8% |
| 2026 | -83.8% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and WATT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NXTS and WATT?
As of 2026-08-27, the correlation of weekly returns between NXTS and WATT is 0.48 over 3 years, 0.00 over 1 year and 0.46 over 5 years.
Is WATT a good diversifier for NXTS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: NXTS correlations · WATT correlations
