CMPX vs DNLI: Correlation
How closely do Compass Therapeutics, Inc. (CMPX) and Denali Therapeutics Inc. (DNLI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPX and DNLI?
On 3 years of weekly data the CMPX/DNLI correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 2258.8 %².
By 3-year correlation, DNLI places #4 of the 10 assets tracked against CMPX. The last year tells two different stories: DNLI led by 81.3 percentage points, -23.2% for CMPX against +58.1% for DNLI.
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.
CMPX vs DNLI: side by side
| CMPX (Compass Therapeutics, Inc.) | DNLI (Denali Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -23.2% | +58.1% |
| 5-year return | -37.8% | -53.4% |
| Volatility (ann.) | 85.8% | 60.6% |
| Beta vs S&P 500 | 1.92 | 2.02 |
| Max drawdown (3Y) | -75.0% | -63.7% |
| Market cap | $0.5B | $3.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMPX | DNLI |
|---|---|---|
| 2022 | +58.7% | -37.6% |
| 2023 | -69.0% | -22.8% |
| 2024 | -7.1% | -5.0% |
| 2025 | +270.3% | -19.0% |
| 2026 | -53.1% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPX and DNLI good diversifiers for each other?
Reasonably. At 0.43, CMPX and DNLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMPX and DNLI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.42 over the last year and 0.38 over 5 years.
Is DNLI a good diversifier for CMPX?
Reasonably. At 0.43, CMPX and DNLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/cmpx-vs-dnli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmpx-vs-dnli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMPX correlations · DNLI correlations
