CNTB vs DMRA: Correlation
How closely do Connect Biopharma Holdings Limited (CNTB) and Damora Therapeutics, Inc. (DMRA) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNTB and DMRA?
Across a 3-year window, the weekly returns of CNTB and DMRA correlate at 0.27, weak. The past 12 months show a tighter link (0.50) than the 3-year average (0.27). Stretching to 5 years gives 0.22, with an annualized covariance of 8123.6 %².
Within CNTB's tracked universe of 10 assets, DMRA comes in at #4 by 3-year correlation. The last year tells two different stories: DMRA led by 782.6 percentage points, +28.1% for CNTB against +810.7% for DMRA. One caveat on sizing: DMRA is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CNTB vs DMRA: side by side
| CNTB (Connect Biopharma Holdings Limited) | DMRA (Damora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | +810.7% |
| 5-year return | -89.0% | -72.2% |
| Volatility (ann.) | 99.0% | 304.9% |
| Beta vs S&P 500 | -0.06 | 0.22 |
| Max drawdown (3Y) | -75.0% | -90.0% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNTB | DMRA |
|---|---|---|
| 2022 | -83.1% | -62.0% |
| 2023 | +35.9% | -37.4% |
| 2024 | +16.9% | -74.2% |
| 2025 | +104.3% | +394.8% |
| 2026 | -19.1% | +33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNTB and DMRA good diversifiers for each other?
Reasonably. At 0.27, CNTB and DMRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNTB and DMRA?
As of 2026-08-27, the correlation of weekly returns between CNTB and DMRA is 0.27 over 3 years, 0.50 over 1 year and 0.22 over 5 years.
Is DMRA a good diversifier for CNTB?
Reasonably. At 0.27, CNTB and DMRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/cntb-vs-dmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cntb-vs-dmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNTB correlations · DMRA correlations
