AI vs DMRC: Correlation
Measured on weekly returns over the past three years, C3.ai, Inc. (AI) and Digimarc Corporation (DMRC) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AI and DMRC?
Across a 3-year window, the weekly returns of AI and DMRC correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 2689.1 %².
Among the 15 assets we track against AI, DMRC ranks #4 by 3-year correlation. The trailing year gives DMRC the advantage: -40.3% versus -26.1%, a 14.2-point spread.
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.
AI vs DMRC: side by side
| AI (C3.ai, Inc.) | DMRC (Digimarc Corporation) | |
|---|---|---|
| 1-year return | -40.3% | -26.1% |
| 5-year return | -79.8% | -77.7% |
| Volatility (ann.) | 65.5% | 76.3% |
| Beta vs S&P 500 | 2.09 | 2.38 |
| Max drawdown (3Y) | -81.9% | -90.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AI | DMRC |
|---|---|---|
| 2022 | -64.2% | -53.2% |
| 2023 | +156.6% | +95.3% |
| 2024 | +19.9% | +3.7% |
| 2025 | -60.8% | -82.5% |
| 2026 | -23.4% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AI and DMRC good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AI and DMRC?
The AI/DMRC correlation stands at 0.54 on a 3-year window (1 year: 0.60, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is DMRC a good diversifier for AI?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ai-vs-dmrc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ai-vs-dmrc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AI correlations · DMRC correlations
