Next Technology Holding Inc. Ordinary Shares (NXTT) — Stock Correlations & Overview
Over the past year, NXTT has moved most closely with AHCO, RENT, PLTZ. Explore the stocks most correlated and inversely correlated with NXTT below, along with its price, financials, and company profile.
Stocks correlated with NXTT
Correlation of daily returns. Higher positive values move with NXTT; negative values move opposite it. Informational only, not investment advice.
Most correlated with NXTT
| Symbol | Company | Correlation |
|---|---|---|
| AHCO | AdaptHealth Corp. Common StockSERVICES-HOME HEALTH CARE SERVICES | 0.40 |
| RENT | Rent the Runway, Inc. Class A Common StockRETAIL-RETAIL STORES, NEC | 0.34 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | 0.33 |
| BRKR | Bruker CorporationLABORATORY ANALYTICAL INSTRUMENTS | 0.31 |
| VMD | Viemed Healthcare, Inc. Common SharesSERVICES-MISC HEALTH & ALLIED SERVICES, NEC | 0.28 |
Most inversely correlated with NXTT
| Symbol | Company | Correlation |
|---|---|---|
| AMIX | Autonomix Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.42 |
| STRR | Star Equity Holdings, Inc. Common StockSERVICES-HELP SUPPLY SERVICES | -0.31 |
| INFU | InfuSystem Holdings, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.29 |
| ADGM | Adagio Medical Holdings, Inc Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.24 |
| ZBRA | Zebra Technologies CorporationGENERAL INDUSTRIAL MACHINERY & EQUIPMENT | -0.24 |
Frequently asked questions about NXTT correlations
- Which stocks are most correlated with NXTT?
- Based on one year of daily returns, the stocks most correlated with Next Technology Holding Inc. Ordinary Shares (NXTT) are AHCO (0.40), RENT (0.34) and PLTZ (0.33). 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 NXTT?
- Over the past year, the stocks most inversely correlated with Next Technology Holding Inc. Ordinary Shares (NXTT) are AMIX (-0.42), STRR (-0.31) and INFU (-0.29). 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 NXTT correlations calculated?
- We compute the correlation of daily returns between NXTT 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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