ARBB vs DERM: Correlation
ARB IOT Group Limited (ARBB) and Journey Medical Corporation (DERM) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBB and DERM?
On 3 years of weekly data the ARBB/DERM correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.17). The 5-year figure is n/a, and annualized covariance runs at -2085.6 %².
Out of 12 assets tracked against ARBB, DERM lands near the bottom at #9. Twelve-month performance is nearly a tie, at +0.8% for ARBB and +0.7% for DERM. Note the risk asymmetry: ARBB runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARBB vs DERM: side by side
| ARBB (ARB IOT Group Limited) | DERM (Journey Medical Corporation) | |
|---|---|---|
| 1-year return | +0.8% | +0.7% |
| 5-year return | n/a | -23.9% |
| Volatility (ann.) | 167.6% | 71.7% |
| Beta vs S&P 500 | 0.32 | 0.46 |
| Max drawdown (3Y) | -90.3% | -63.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBB | DERM |
|---|---|---|
| 2022 | – | -64.3% |
| 2023 | – | +200.0% |
| 2024 | -80.7% | -32.1% |
| 2025 | -21.7% | +97.2% |
| 2026 | -26.0% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBB and DERM good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARBB and DERM?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is DERM a good diversifier for ARBB?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arbb-vs-derm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arbb-vs-derm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARBB correlations · DERM correlations
