DERM vs SLB: Correlation
Journey Medical Corporation (DERM) and Schlumberger (SLB) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DERM and SLB?
On 3 years of weekly data the DERM/SLB correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at -398.8 %².
By 3-year correlation, SLB places #8 of the 15 assets tracked against DERM. Their recent paths diverged sharply: over the last 12 months SLB outperformed by 56.4 percentage points (+0.7% for DERM against +57.1% for SLB). Note the risk asymmetry: DERM runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLB: side by side
| DERM (Journey Medical Corporation) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | +0.7% | +57.1% |
| 5-year return | -23.9% | +117.1% |
| Volatility (ann.) | 71.7% | 35.1% |
| Beta vs S&P 500 | 0.46 | 0.57 |
| Max drawdown (3Y) | -63.3% | -46.6% |
| Market cap | $0.2B | $81.6B |
| P/E (trailing) | – | 26.2 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DERM | SLB |
|---|---|---|
| 2022 | -64.3% | +81.2% |
| 2023 | +200.0% | -0.8% |
| 2024 | -32.1% | -24.5% |
| 2025 | +97.2% | +3.3% |
| 2026 | -2.3% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DERM and SLB good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DERM and SLB?
The DERM/SLB correlation stands at -0.16 on a 3-year window (1 year: -0.25, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is SLB a good diversifier for DERM?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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/derm-vs-slb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/derm-vs-slb/)
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Related comparisons
Hubs: DERM correlations · SLB correlations
