Correlation Between Nexalin Technology and Axogen

Can any of the company-specific risk be diversified away by investing in both Nexalin Technology and Axogen at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Nexalin Technology and Axogen into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Nexalin Technology and Axogen Inc, you can compare the effects of market volatilities on Nexalin Technology and Axogen and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Nexalin Technology with a short position of Axogen. Check out your portfolio center. Please also check ongoing floating volatility patterns of Nexalin Technology and Axogen.

Diversification Opportunities for Nexalin Technology and Axogen

-0.62

Correlation Coefficient

Nexalin Technology  Axogen

Excellent diversification

The 3 months correlation between Nexalin and Axogen is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding Nexalin Technology and Axogen Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Axogen Inc and Nexalin Technology is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Nexalin Technology are associated (or correlated) with Axogen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Axogen Inc has no effect on the direction of Nexalin Technology i.e., Nexalin Technology and Axogen go up and down completely randomly.

Pair Corralation between Nexalin Technology and Axogen

Assuming the 90 days horizon Nexalin Technology is expected to under-perform the Axogen. In addition to that, Nexalin Technology is 3.88 times more volatile than Axogen Inc. It trades about -0.2 of its total potential returns per unit of risk. Axogen Inc is currently generating about 0.3 per unit of volatility. If you would invest  1,607  in Axogen Inc on September 10, 2025 and sell it today you would earn a total of  1,725  from holding Axogen Inc or generate 107.34% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	12.7%
Values	Daily Returns

Nexalin Technology  vs.  Axogen Inc

Nexalin Technology

Risk-Adjusted Performance

Weakest

Over the last 90 days Nexalin Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's forward indicators remain fairly stable which may send shares a bit higher in January 2026. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Axogen Inc

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Axogen Inc are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of very inconsistent technical and fundamental indicators, Axogen displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Nexalin Technology and Axogen

The main advantage of trading using opposite Nexalin Technology and Axogen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Nexalin Technology position performs unexpectedly, Axogen can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axogen will offset losses from the drop in Axogen's long position.

The idea behind Nexalin Technology and Axogen Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.