NYXH vs STI: Correlation
How closely do Nyxoah SA (NYXH) and Solidion Technology, Inc. (STI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYXH and STI?
On 3 years of weekly data the NYXH/STI correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.29 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -12982.3 %².
Out of 10 assets tracked against NYXH, STI lands near the bottom at #10. The last year tells two different stories: STI led by 220.0 percentage points, -74.6% for NYXH against +145.4% for STI. One caveat on sizing: STI is 4.6 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.
NYXH vs STI: side by side
| NYXH (Nyxoah SA) | STI (Solidion Technology, Inc.) | |
|---|---|---|
| 1-year return | -74.6% | +145.4% |
| 5-year return | -94.7% | -98.5% |
| Volatility (ann.) | 98.9% | 458.4% |
| Beta vs S&P 500 | 1.24 | -1.02 |
| Max drawdown (3Y) | -93.3% | -99.5% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NYXH | STI |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -7.0% | -24.1% |
| 2024 | +72.4% | -90.9% |
| 2025 | -42.5% | -79.7% |
| 2026 | -65.9% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYXH and STI good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between NYXH and STI?
The NYXH/STI correlation stands at -0.29 on a 3-year window (1 year: -0.58, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is STI a good diversifier for NYXH?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nyxh-vs-sti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nyxh-vs-sti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NYXH correlations · STI correlations
