AUPH vs NMRK: Correlation
Measured on weekly returns over the past three years, Aurinia Pharmaceuticals Inc (AUPH) and Newmark Group, Inc. (NMRK) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUPH and NMRK?
On 3 years of weekly data the AUPH/NMRK correlation comes out at 0.38, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.38). The 5-year figure is 0.24, and annualized covariance runs at 694.2 %².
NMRK is one of the assets that tracks AUPH most closely: it ranks #2 out of the 20 assets we track against AUPH. Correlation aside, the last 12 months split them widely, with AUPH ahead by 49.8 points (+36.0% versus -13.8%).
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.
AUPH vs NMRK: side by side
| AUPH (Aurinia Pharmaceuticals Inc) | NMRK (Newmark Group, Inc.) | |
|---|---|---|
| 1-year return | +36.0% | -13.8% |
| 5-year return | -3.2% | +23.3% |
| Volatility (ann.) | 41.8% | 43.4% |
| Beta vs S&P 500 | 0.59 | 1.49 |
| Max drawdown (3Y) | -52.8% | -36.6% |
| Market cap | $2.2B | $3.8B |
| P/E (trailing) | 7.3 | 19.7 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUPH | NMRK |
|---|---|---|
| 2022 | -81.1% | -57.0% |
| 2023 | +108.1% | +39.9% |
| 2024 | -0.1% | +18.1% |
| 2025 | +77.6% | +36.5% |
| 2026 | +3.3% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUPH and NMRK good diversifiers for each other?
Reasonably. At 0.38, AUPH and NMRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUPH and NMRK?
As of 2026-08-27, the correlation of weekly returns between AUPH and NMRK is 0.38 over 3 years, 0.12 over 1 year and 0.24 over 5 years.
Is NMRK a good diversifier for AUPH?
Reasonably. At 0.38, AUPH and NMRK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/auph-vs-nmrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/auph-vs-nmrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUPH correlations · NMRK correlations
