Nexalin Technology, Inc. Common Stock (NXL) — Stock Correlations & Overview
Over the past year, NXL has moved most closely with XBIO, SCWO, RKDA. Explore the stocks most correlated and inversely correlated with NXL below, along with its price, financials, and company profile.
Stocks correlated with NXL
Correlation of daily returns. Higher positive values move with NXL; negative values move opposite it. Informational only, not investment advice.
Most correlated with NXL
| Symbol | Company | Correlation |
|---|---|---|
| XBIO | Xenetic Biosciences, Inc.PHARMACEUTICAL PREPARATIONS | 0.46 |
| SCWO | 374Water Inc. Common StockMOTORS & GENERATORS | 0.37 |
| RKDA | Arcadia Biosciences, Inc.CRUDE PETROLEUM & NATURAL GAS | 0.34 |
| RXRX | Recursion Pharmaceuticals, Inc. Class A Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.32 |
| TVA | Texas Ventures Acquisition III Corp Class A Ordinary ShareBLANK CHECKS | 0.32 |
Most inversely correlated with NXL
| Symbol | Company | Correlation |
|---|---|---|
| CENN | Cenntro Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.36 |
| KO | Coca-Cola CompanyBEVERAGES | -0.25 |
| COCH | Envoy Medical, Inc. Class A Common StockORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | -0.25 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.23 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.21 |
Frequently asked questions about NXL correlations
- Which stocks are most correlated with NXL?
- Based on one year of daily returns, the stocks most correlated with Nexalin Technology, Inc. Common Stock (NXL) are XBIO (0.46), SCWO (0.37) and RKDA (0.34). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NXL?
- Over the past year, the stocks most inversely correlated with Nexalin Technology, Inc. Common Stock (NXL) are CENN (-0.36), KO (-0.25) and COCH (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NXL correlations calculated?
- We compute the correlation of daily returns between NXL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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