COGT vs DMRA: Correlation
How closely do Cogent Biosciences, Inc. (COGT) and Damora Therapeutics, Inc. (DMRA) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COGT and DMRA?
Over the past 3 years, COGT and DMRA moved with a correlation of 0.63, which is strong. The link has tightened recently: the 1-year correlation (0.84) runs above the 3-year figure (0.63). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 20519.0 %².
In COGT's tracked universe of 13 assets, DMRA sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months DMRA outperformed by 610.9 percentage points (+199.8% for COGT against +810.7% for DMRA). One caveat on sizing: DMRA is 2.9 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.
COGT vs DMRA: side by side
| COGT (Cogent Biosciences, Inc.) | DMRA (Damora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +199.8% | +810.7% |
| 5-year return | +355.1% | -72.2% |
| Volatility (ann.) | 106.0% | 304.9% |
| Beta vs S&P 500 | 0.78 | 0.22 |
| Max drawdown (3Y) | -69.0% | -90.0% |
| Market cap | $6.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COGT | DMRA |
|---|---|---|
| 2022 | +34.7% | -62.0% |
| 2023 | -49.1% | -37.4% |
| 2024 | +32.7% | -74.2% |
| 2025 | +355.4% | +394.8% |
| 2026 | +4.4% | +33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COGT and DMRA good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COGT and DMRA?
The COGT/DMRA correlation stands at 0.63 on a 3-year window (1 year: 0.84, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is DMRA a good diversifier for COGT?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
A reading of 0.63 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/cogt-vs-dmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cogt-vs-dmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COGT correlations · DMRA correlations
