DH vs SKIN: Correlation
How closely do Definitive Healthcare Corp. (DH) and SkinHealth Systems Inc. (SKIN) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DH and SKIN?
On 3 years of weekly data the DH/SKIN correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 2316.4 %².
Within DH's tracked universe of 14 assets, SKIN comes in at #8 by 3-year correlation. The trailing year gives SKIN the advantage: -79.8% versus -66.3%, a 13.5-point spread.
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.
DH vs SKIN: side by side
| DH (Definitive Healthcare Corp.) | SKIN (SkinHealth Systems Inc.) | |
|---|---|---|
| 1-year return | -79.8% | -66.3% |
| 5-year return | -98.1% | -97.2% |
| Volatility (ann.) | 65.1% | 91.5% |
| Beta vs S&P 500 | 1.74 | 1.76 |
| Max drawdown (3Y) | -93.9% | -91.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DH | SKIN |
|---|---|---|
| 2022 | -59.8% | -62.3% |
| 2023 | -9.6% | -65.8% |
| 2024 | -58.7% | -48.9% |
| 2025 | -30.2% | -12.6% |
| 2026 | -71.6% | -50.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DH and SKIN good diversifiers for each other?
Reasonably. At 0.39, DH and SKIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DH and SKIN?
As of 2026-08-27, the correlation of weekly returns between DH and SKIN is 0.39 over 3 years, 0.39 over 1 year and 0.40 over 5 years.
Is SKIN a good diversifier for DH?
Reasonably. At 0.39, DH and SKIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/dh-vs-skin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dh-vs-skin/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DH correlations · SKIN correlations
