NXTT vs TPR: Correlation
How closely do Next Technology Holding Inc. (NXTT) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTT and TPR?
Across a 3-year window, the weekly returns of NXTT and TPR correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.21 over 3 years. Stretching to 5 years gives -0.18, with an annualized covariance of -60761.4 %².
Among the 31 assets we track against NXTT, TPR ranks #25 by 3-year correlation. The last year tells two different stories: TPR led by 117.9 percentage points, -94.3% for NXTT against +23.6% for TPR. Risk is not evenly split, since NXTT carries 203.8 times the volatility of the other side.
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 TPR: side by side
| NXTT (Next Technology Holding Inc.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -94.3% | +23.6% |
| 5-year return | -100.0% | +240.1% |
| Volatility (ann.) | 7704.0% | 37.8% |
| Beta vs S&P 500 | 8.14 | 1.05 |
| Max drawdown (3Y) | -100.0% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | NXTT | TPR |
|---|---|---|
| 2022 | – | -3.3% |
| 2023 | -93.9% | +0.2% |
| 2024 | -36.6% | +82.8% |
| 2025 | -98.8% | +98.7% |
| 2026 | +14.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTT and TPR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXTT and TPR?
The NXTT/TPR correlation stands at -0.21 on a 3-year window (1 year: -0.33, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is TPR a good diversifier for NXTT?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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: NXTT correlations · TPR correlations
