DERM vs FENC: Correlation
Measured on weekly returns over the past three years, Journey Medical Corporation (DERM) and Fennec Pharmaceuticals Inc. (FENC) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DERM and FENC?
Over the past 3 years, DERM and FENC moved with a correlation of 0.33, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.33 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1391.8 %².
In DERM's tracked universe of 15 assets, FENC sits right near the top at #1. Correlation aside, the last 12 months split them widely, with FENC ahead by 29.5 points (+0.7% versus +30.2%).
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.
DERM vs FENC: side by side
| DERM (Journey Medical Corporation) | FENC (Fennec Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +0.7% | +30.2% |
| 5-year return | -23.9% | +49.7% |
| Volatility (ann.) | 71.7% | 58.3% |
| Beta vs S&P 500 | 0.46 | 1.41 |
| Max drawdown (3Y) | -63.3% | -65.6% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DERM | FENC |
|---|---|---|
| 2022 | -64.3% | +118.2% |
| 2023 | +200.0% | +16.9% |
| 2024 | -32.1% | -43.7% |
| 2025 | +97.2% | +21.8% |
| 2026 | -2.3% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DERM and FENC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DERM and FENC?
As of 2026-08-27, the correlation of weekly returns between DERM and FENC is 0.33 over 3 years, 0.50 over 1 year and 0.27 over 5 years.
Is FENC a good diversifier for DERM?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/derm-vs-fenc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/derm-vs-fenc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DERM correlations · FENC correlations
