NXTS vs ZSQR: Correlation
How closely do Nexentis Technologies Inc. (NXTS) and Z Squared Inc. (ZSQR) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and ZSQR?
Across a 3-year window, the weekly returns of NXTS and ZSQR correlate at 0.36, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.36). Stretching to 5 years gives 0.29, with an annualized covariance of 19835.3 %².
Among the 24 assets we track against NXTS, ZSQR ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ZSQR ahead by 28.1 points (-96.3% versus -68.2%). Note the risk asymmetry: NXTS runs 5.7 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 ZSQR: side by side
| NXTS (Nexentis Technologies Inc.) | ZSQR (Z Squared Inc.) | |
|---|---|---|
| 1-year return | -96.3% | -68.2% |
| 5-year return | -100.0% | -97.9% |
| Volatility (ann.) | 565.9% | 98.5% |
| Beta vs S&P 500 | 0.14 | 0.28 |
| Max drawdown (3Y) | -99.9% | -89.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTS | ZSQR |
|---|---|---|
| 2022 | -81.2% | -84.7% |
| 2023 | -62.2% | -48.8% |
| 2024 | -87.6% | -64.9% |
| 2025 | -80.6% | +159.1% |
| 2026 | -83.8% | -70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and ZSQR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NXTS and ZSQR?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.21 over the last year and 0.29 over 5 years.
Is ZSQR a good diversifier for NXTS?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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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Hubs: NXTS correlations · ZSQR correlations
