CRBU vs NMRA: Correlation
How closely do Caribou Biosciences, Inc. (CRBU) and Neumora Therapeutics, Inc. (NMRA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBU and NMRA?
On 3 years of weekly data the CRBU/NMRA correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.35). The 5-year figure is n/a, and annualized covariance runs at 3139.0 %².
Among the 17 assets we track against CRBU, NMRA sits near the bottom by co-movement, at rank #13. Their 12-month results are close: -16.2% for CRBU against -15.9% for NMRA.
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.
CRBU vs NMRA: side by side
| CRBU (Caribou Biosciences, Inc.) | NMRA (Neumora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -16.2% | -15.9% |
| 5-year return | -93.2% | n/a |
| Volatility (ann.) | 80.5% | 111.2% |
| Beta vs S&P 500 | 2.52 | 2.04 |
| Max drawdown (3Y) | -91.1% | -96.9% |
| 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 | CRBU | NMRA |
|---|---|---|
| 2022 | -58.4% | – |
| 2023 | -8.8% | – |
| 2024 | -72.3% | -37.8% |
| 2025 | +0.0% | -83.1% |
| 2026 | +4.4% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBU and NMRA good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRBU and NMRA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is NMRA a good diversifier for CRBU?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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/crbu-vs-nmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crbu-vs-nmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRBU correlations · NMRA correlations
