CMRC vs TTGT: Correlation
How closely do Commerce.com, Inc. - Series 1 (CMRC) and TechTarget, Inc. (TTGT) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and TTGT?
On 3 years of weekly data the CMRC/TTGT correlation comes out at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.44 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 1475.0 %².
By 3-year correlation, TTGT places #9 of the 16 assets tracked against CMRC. On 12-month performance TTGT holds a 14.1-point edge, -49.8% against -35.7%.
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 TTGT: side by side
| CMRC (Commerce.com, Inc. - Series 1) | TTGT (TechTarget, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -35.7% |
| 5-year return | -96.1% | -95.3% |
| Volatility (ann.) | 53.5% | 62.4% |
| Beta vs S&P 500 | 1.40 | 1.47 |
| Max drawdown (3Y) | -81.5% | -91.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | TTGT |
|---|---|---|
| 2022 | -75.3% | -53.9% |
| 2023 | +11.3% | -20.9% |
| 2024 | -37.1% | -43.1% |
| 2025 | -32.7% | -72.8% |
| 2026 | -42.5% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and TTGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMRC and TTGT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.62 over the last year and 0.44 over 5 years.
Is TTGT a good diversifier for CMRC?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/cmrc-vs-ttgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmrc-vs-ttgt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMRC correlations · TTGT correlations
