NYXH vs TRSG: Correlation
Nyxoah SA (NYXH) and Tungray Technologies Inc - Class A (TRSG) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYXH and TRSG?
Over the past 3 years, NYXH and TRSG moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.28 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1972.9 %².
TRSG is close to the least connected end of NYXH's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with TRSG ahead by 66.8 points (-74.6% versus -7.8%).
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 TRSG: side by side
| NYXH (Nyxoah SA) | TRSG (Tungray Technologies Inc - Class A) | |
|---|---|---|
| 1-year return | -74.6% | -7.8% |
| 5-year return | -94.7% | n/a |
| Volatility (ann.) | 98.9% | 92.3% |
| Beta vs S&P 500 | 1.24 | 0.67 |
| Max drawdown (3Y) | -93.3% | -86.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NYXH | TRSG |
|---|---|---|
| 2022 | -78.3% | – |
| 2023 | -7.0% | – |
| 2024 | +72.4% | – |
| 2025 | -42.5% | -49.2% |
| 2026 | -65.9% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYXH and TRSG good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NYXH and TRSG?
The NYXH/TRSG correlation stands at -0.28 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TRSG a good diversifier for NYXH?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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
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Related comparisons
Hubs: NYXH correlations · TRSG correlations
