CMCO vs DOMH: Correlation
How closely do Columbus McKinnon Corporation (CMCO) and Dominari Holdings Inc. (DOMH) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCO and DOMH?
Over the past 3 years, CMCO and DOMH moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (-0.34). Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -3098.4 %².
Out of 15 assets tracked against CMCO, DOMH lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with CMCO ahead by 75.6 points (+23.3% versus -52.3%). Note the risk asymmetry: DOMH runs 3.6 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.
CMCO vs DOMH: side by side
| CMCO (Columbus McKinnon Corporation) | DOMH (Dominari Holdings Inc.) | |
|---|---|---|
| 1-year return | +23.3% | -52.3% |
| 5-year return | -58.0% | -76.1% |
| Volatility (ann.) | 50.1% | 181.7% |
| Beta vs S&P 500 | 1.42 | 2.30 |
| Max drawdown (3Y) | -72.8% | -77.9% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 1.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCO | DOMH |
|---|---|---|
| 2022 | -29.3% | -67.3% |
| 2023 | +21.1% | -21.0% |
| 2024 | -3.9% | -62.2% |
| 2025 | -52.9% | +445.6% |
| 2026 | +7.8% | -40.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCO and DOMH good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMCO and DOMH?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with 0.16 over the last year and -0.29 over 5 years.
Is DOMH a good diversifier for CMCO?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 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.
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Related comparisons
Hubs: CMCO correlations · DOMH correlations
