DERM vs PWCM: Correlation
How closely do Journey Medical Corporation (DERM) and PowerCompute, Inc. (PWCM) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DERM and PWCM?
Across a 3-year window, the weekly returns of DERM and PWCM correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 2359.0 %².
Among the 15 assets we track against DERM, PWCM ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DERM outperformed by 96.8 percentage points (+0.7% for DERM against -96.1% for PWCM). One caveat on sizing: PWCM is 1.6 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.
DERM vs PWCM: side by side
| DERM (Journey Medical Corporation) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | +0.7% | -96.1% |
| 5-year return | -23.9% | -99.8% |
| Volatility (ann.) | 71.7% | 115.8% |
| Beta vs S&P 500 | 0.46 | 2.15 |
| Max drawdown (3Y) | -63.3% | -99.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DERM | PWCM |
|---|---|---|
| 2022 | -64.3% | -88.6% |
| 2023 | +200.0% | +11.8% |
| 2024 | -32.1% | -41.9% |
| 2025 | +97.2% | -79.3% |
| 2026 | -2.3% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DERM and PWCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DERM and PWCM?
The DERM/PWCM correlation stands at 0.28 on a 3-year window (1 year: 0.29, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is PWCM a good diversifier for DERM?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DERM correlations · PWCM correlations
