CYPH vs DMRA: Correlation
Cypherpunk Technologies Inc. (CYPH) and Damora Therapeutics, Inc. (DMRA) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and DMRA?
Over the past 3 years, CYPH and DMRA moved with a correlation of 0.78, which is strong. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 76383.9 %².
Few assets follow CYPH as closely as DMRA, which ranks #1 of 10 tracked partners. The last year tells two different stories: DMRA led by 261.2 percentage points, +549.5% for CYPH against +810.7% for DMRA.
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.
CYPH vs DMRA: side by side
| CYPH (Cypherpunk Technologies Inc.) | DMRA (Damora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +549.5% | +810.7% |
| 5-year return | -89.0% | -72.2% |
| Volatility (ann.) | 319.9% | 304.9% |
| Beta vs S&P 500 | 1.42 | 0.22 |
| Max drawdown (3Y) | -94.9% | -90.0% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYPH | DMRA |
|---|---|---|
| 2022 | -86.1% | -62.0% |
| 2023 | -7.9% | -37.4% |
| 2024 | -30.6% | -74.2% |
| 2025 | -59.7% | +394.8% |
| 2026 | +62.9% | +33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and DMRA good diversifiers for each other?
Only partially. A correlation of 0.78 means CYPH and DMRA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CYPH and DMRA?
The CYPH/DMRA correlation stands at 0.78 on a 3-year window (1 year: 0.82, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is DMRA a good diversifier for CYPH?
Only partially. A correlation of 0.78 means CYPH and DMRA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 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/cyph-vs-dmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyph-vs-dmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYPH correlations · DMRA correlations
