CLRB vs KURA: Correlation
Cellectar Biosciences, Inc. (CLRB) and Kura Oncology, Inc. (KURA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRB and KURA?
Over the past 3 years, CLRB and KURA moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.34 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1964.6 %².
Among the 10 assets we track against CLRB, KURA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KURA outperformed by 115.0 percentage points (-47.3% for CLRB against +67.7% for KURA). One caveat on sizing: CLRB is 1.6 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.
CLRB vs KURA: side by side
| CLRB (Cellectar Biosciences, Inc.) | KURA (Kura Oncology, Inc.) | |
|---|---|---|
| 1-year return | -47.3% | +67.7% |
| 5-year return | -99.1% | -30.6% |
| Volatility (ann.) | 97.2% | 59.8% |
| Beta vs S&P 500 | 1.43 | 1.61 |
| Max drawdown (3Y) | -98.2% | -76.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRB | KURA |
|---|---|---|
| 2022 | -74.1% | -11.4% |
| 2023 | +62.0% | +15.9% |
| 2024 | -89.2% | -39.4% |
| 2025 | -67.2% | +19.3% |
| 2026 | -13.9% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRB and KURA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLRB and KURA?
As of 2026-08-27, the correlation of weekly returns between CLRB and KURA is 0.34 over 3 years, 0.16 over 1 year and 0.26 over 5 years.
Is KURA a good diversifier for CLRB?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/clrb-vs-kura.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clrb-vs-kura/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLRB correlations · KURA correlations
