CMRC vs GOGO: Correlation
How closely do Commerce.com, Inc. - Series 1 (CMRC) and Gogo Inc. (GOGO) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and GOGO?
Over the past 3 years, CMRC and GOGO moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1348.3 %².
By 3-year correlation, GOGO places #10 of the 16 assets tracked against CMRC. Their recent paths diverged sharply: over the last 12 months CMRC outperformed by 25.9 percentage points (-49.8% for CMRC against -75.7% for GOGO).
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.
CMRC vs GOGO: side by side
| CMRC (Commerce.com, Inc. - Series 1) | GOGO (Gogo Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -75.7% |
| 5-year return | -96.1% | -80.0% |
| Volatility (ann.) | 53.5% | 62.7% |
| Beta vs S&P 500 | 1.40 | 1.06 |
| Max drawdown (3Y) | -81.5% | -84.5% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | GOGO |
|---|---|---|
| 2022 | -75.3% | +9.1% |
| 2023 | +11.3% | -31.4% |
| 2024 | -37.1% | -20.1% |
| 2025 | -32.7% | -42.4% |
| 2026 | -42.5% | -41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and GOGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMRC and GOGO?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.44 over the last year and 0.28 over 5 years.
Is GOGO a good diversifier for CMRC?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmrc-vs-gogo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmrc-vs-gogo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMRC correlations · GOGO correlations
