NXTT vs SMXT: Correlation
Next Technology Holding Inc. (NXTT) and Solarmax Technology Inc. (SMXT) 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 SMXT?
Over the past 3 years, NXTT and SMXT moved with a correlation of 0.96, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.97 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7700213.0 %².
Within NXTT's tracked universe of 31 assets, SMXT comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SMXT ahead by 234.0 points (-94.3% versus +139.7%). One caveat on sizing: NXTT is 8.1 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.
NXTT vs SMXT: side by side
| NXTT (Next Technology Holding Inc.) | SMXT (Solarmax Technology Inc.) | |
|---|---|---|
| 1-year return | -94.3% | +139.7% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 7704.0% | 947.0% |
| Beta vs S&P 500 | 8.14 | 2.41 |
| Max drawdown (3Y) | -100.0% | -98.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTT | SMXT |
|---|---|---|
| 2023 | -93.9% | – |
| 2024 | -36.6% | – |
| 2025 | -98.8% | -49.3% |
| 2026 | +14.6% | +267.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and SMXT good diversifiers for each other?
No. With a correlation of 0.96, NXTT and SMXT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NXTT and SMXT?
The NXTT/SMXT correlation stands at 0.96 on a 3-year window (1 year: 0.97, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMXT a good diversifier for NXTT?
No. With a correlation of 0.96, NXTT and SMXT 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-smxt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxtt-vs-smxt/)
No key needed, free to use. Full endpoint list in the API documentation.
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Hubs: NXTT correlations · SMXT correlations
