NXTT vs RCON: Correlation
Next Technology Holding Inc. (NXTT) and Recon Technology, Ltd. - Class A (RCON) show a very strong relationship: their 3-year correlation of weekly returns is 0.96.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTT and RCON?
Across a 3-year window, the weekly returns of NXTT and RCON correlate at 0.96, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.96) sits close to the 3-year figure. Stretching to 5 years gives 0.96, with an annualized covariance of 101846479.9 %².
By 3-year correlation, RCON places #7 of the 31 assets tracked against NXTT. The last year tells two different stories: RCON led by 71.7 percentage points, -94.3% for NXTT against -22.6% for RCON. Note the risk asymmetry: RCON runs 1.8 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.
NXTT vs RCON: side by side
| NXTT (Next Technology Holding Inc.) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | -94.3% | -22.6% |
| 5-year return | -100.0% | -97.1% |
| Volatility (ann.) | 7704.0% | 13728.9% |
| Beta vs S&P 500 | 8.14 | 22.04 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTT | RCON |
|---|---|---|
| 2022 | – | -3.8% |
| 2023 | -93.9% | -81.7% |
| 2024 | -36.6% | -49.5% |
| 2025 | -98.8% | -24.4% |
| 2026 | +14.6% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and RCON good diversifiers for each other?
No. With a correlation of 0.96, NXTT and RCON move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NXTT and RCON?
The NXTT/RCON correlation stands at 0.96 on a 3-year window (1 year: 0.96, 5 years: 0.96), computed from weekly returns as of 2026-08-27.
Is RCON a good diversifier for NXTT?
No. With a correlation of 0.96, NXTT and RCON move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.96 mean?
On the −1 to +1 scale, 0.96 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/nxtt-vs-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxtt-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXTT correlations · RCON correlations
