CRMD vs JCI: Correlation
CorMedix Inc. (CRMD) and Johnson Controls (JCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMD and JCI?
Across a 3-year window, the weekly returns of CRMD and JCI correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 734.7 %².
Within CRMD's tracked universe of 11 assets, JCI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JCI ahead by 72.1 points (-41.2% versus +30.9%). Risk is not evenly split, since CRMD carries 2.7 times the volatility of the other side.
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.
CRMD vs JCI: side by side
| CRMD (CorMedix Inc.) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | -41.2% | +30.9% |
| 5-year return | +33.4% | +108.2% |
| Volatility (ann.) | 74.6% | 28.1% |
| Beta vs S&P 500 | 1.50 | 0.98 |
| Max drawdown (3Y) | -62.3% | -21.1% |
| Market cap | $0.6B | $86.1B |
| P/E (trailing) | 3.8 | 40.1 |
| Dividend yield | 0.00% | 1.11% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CRMD | JCI |
|---|---|---|
| 2022 | -7.3% | -19.3% |
| 2023 | -10.9% | -7.6% |
| 2024 | +115.4% | +39.8% |
| 2025 | +43.6% | +53.0% |
| 2026 | -28.5% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMD and JCI good diversifiers for each other?
Reasonably. At 0.35, CRMD and JCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRMD and JCI?
As of 2026-08-27, the correlation of weekly returns between CRMD and JCI is 0.35 over 3 years, 0.27 over 1 year and 0.27 over 5 years.
Is JCI a good diversifier for CRMD?
Reasonably. At 0.35, CRMD and JCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crmd-vs-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crmd-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRMD correlations · JCI correlations
