BKR vs DERM: Correlation
How closely do Baker Hughes (BKR) and Journey Medical Corporation (DERM) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and DERM?
On 3 years of weekly data the BKR/DERM correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at -394.9 %².
Among the 30 assets we track against BKR, DERM ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BKR outperformed by 40.2 percentage points (+40.9% for BKR against +0.7% for DERM). One caveat on sizing: DERM is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BKR vs DERM: side by side
| BKR (Baker Hughes) | DERM (Journey Medical Corporation) | |
|---|---|---|
| 1-year return | +40.9% | +0.7% |
| 5-year return | +205.5% | -23.9% |
| Volatility (ann.) | 32.2% | 71.7% |
| Beta vs S&P 500 | 0.61 | 0.46 |
| Max drawdown (3Y) | -28.0% | -63.3% |
| Market cap | $61.7B | $0.2B |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.48% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | DERM |
|---|---|---|
| 2022 | +26.0% | -64.3% |
| 2023 | +18.6% | +200.0% |
| 2024 | +23.1% | -32.1% |
| 2025 | +13.4% | +97.2% |
| 2026 | +37.9% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and DERM good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BKR and DERM?
The BKR/DERM correlation stands at -0.17 on a 3-year window (1 year: -0.18, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is DERM a good diversifier for BKR?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/bkr-vs-derm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bkr-vs-derm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKR correlations · DERM correlations
