CMRC vs PCOR: Correlation
Measured on weekly returns over the past three years, Commerce.com, Inc. - Series 1 (CMRC) and Procore Technologies, Inc. (PCOR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and PCOR?
On 3 years of weekly data the CMRC/PCOR correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.49 over 3. The 5-year figure is 0.53, and annualized covariance runs at 1212.1 %².
By 3-year correlation, PCOR places #4 of the 16 assets tracked against CMRC. Their recent paths diverged sharply: over the last 12 months PCOR outperformed by 43.8 percentage points (-49.8% for CMRC against -6.0% for PCOR).
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 PCOR: side by side
| CMRC (Commerce.com, Inc. - Series 1) | PCOR (Procore Technologies, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -6.0% |
| 5-year return | -96.1% | -32.7% |
| Volatility (ann.) | 53.5% | 46.4% |
| Beta vs S&P 500 | 1.40 | 1.31 |
| Max drawdown (3Y) | -81.5% | -56.6% |
| Market cap | $0.2B | $9.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | PCOR |
|---|---|---|
| 2022 | -75.3% | -41.0% |
| 2023 | +11.3% | +46.7% |
| 2024 | -37.1% | +8.2% |
| 2025 | -32.7% | -2.9% |
| 2026 | -42.5% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and PCOR good diversifiers for each other?
Reasonably. At 0.49, CMRC and PCOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMRC and PCOR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.51 over the last year and 0.53 over 5 years.
Is PCOR a good diversifier for CMRC?
Reasonably. At 0.49, CMRC and PCOR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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-pcor.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmrc-vs-pcor/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMRC correlations · PCOR correlations
