NXTT vs TENX: Correlation
Measured on weekly returns over the past three years, Next Technology Holding Inc. (NXTT) and Tenax Therapeutics, Inc. (TENX) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTT and TENX?
Across a 3-year window, the weekly returns of NXTT and TENX correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.66) runs below the 3-year figure (-0.34). Stretching to 5 years gives -0.30, with an annualized covariance of -332519.9 %².
Out of 31 assets tracked against NXTT, TENX lands near the bottom at #29. The last year tells two different stories: TENX led by 31.3 percentage points, -94.3% for NXTT against -63.0% for TENX. Note the risk asymmetry: NXTT runs 60.7 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.
NXTT vs TENX: side by side
| NXTT (Next Technology Holding Inc.) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -94.3% | -63.0% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 7704.0% | 127.0% |
| Beta vs S&P 500 | 8.14 | 0.95 |
| Max drawdown (3Y) | -100.0% | -97.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NXTT | TENX |
|---|---|---|
| 2022 | – | -89.3% |
| 2023 | -93.9% | -87.6% |
| 2024 | -36.6% | -71.9% |
| 2025 | -98.8% | +96.9% |
| 2026 | +14.6% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and TENX good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NXTT and TENX?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.66 over the last year and -0.30 over 5 years.
Is TENX a good diversifier for NXTT?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nxtt-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXTT correlations · TENX correlations
