ARQT vs SSRM: Correlation
Measured on weekly returns over the past three years, Arcutis Biotherapeutics, Inc. (ARQT) and SSR Mining Inc. (SSRM) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQT and SSRM?
Across a 3-year window, the weekly returns of ARQT and SSRM correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.10, with an annualized covariance of -1035.3 %².
SSRM is close to the least connected end of ARQT's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months SSRM outperformed by 52.9 percentage points (+58.9% for ARQT against +111.8% for SSRM).
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.
ARQT vs SSRM: side by side
| ARQT (Arcutis Biotherapeutics, Inc.) | SSRM (SSR Mining Inc.) | |
|---|---|---|
| 1-year return | +58.9% | +111.8% |
| 5-year return | +18.0% | +149.2% |
| Volatility (ann.) | 81.9% | 64.6% |
| Beta vs S&P 500 | 1.10 | 0.98 |
| Max drawdown (3Y) | -79.5% | -73.4% |
| Market cap | $3.1B | $8.0B |
| P/E (trailing) | 113.0 | 14.7 |
| Dividend yield | 0.00% | 0.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQT | SSRM |
|---|---|---|
| 2022 | -28.6% | -10.0% |
| 2023 | -78.2% | -29.9% |
| 2024 | +331.3% | -35.3% |
| 2025 | +108.5% | +214.9% |
| 2026 | -14.4% | +78.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQT and SSRM good diversifiers for each other?
Yes. With a correlation of -0.20, ARQT and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARQT and SSRM?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.03 over the last year and -0.10 over 5 years.
Is SSRM a good diversifier for ARQT?
Yes. With a correlation of -0.20, ARQT and SSRM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arqt-vs-ssrm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arqt-vs-ssrm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARQT correlations · SSRM correlations
