DMRA vs IRM: Correlation
Damora Therapeutics, Inc. (DMRA) and Iron Mountain (IRM) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and IRM?
On 3 years of weekly data the DMRA/IRM correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.18 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -1695.0 %².
Among the 16 assets we track against DMRA, IRM ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DMRA outperformed by 772.6 percentage points (+810.7% for DMRA against +38.1% for IRM). Note the risk asymmetry: DMRA runs 9.9 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.
DMRA vs IRM: side by side
| DMRA (Damora Therapeutics, Inc.) | IRM (Iron Mountain) | |
|---|---|---|
| 1-year return | +810.7% | +38.1% |
| 5-year return | -72.2% | +219.3% |
| Volatility (ann.) | 304.9% | 30.8% |
| Beta vs S&P 500 | 0.22 | 0.96 |
| Max drawdown (3Y) | -90.0% | -39.0% |
| Market cap | $1.9B | $36.5B |
| P/E (trailing) | – | 86.4 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | DMRA | IRM |
|---|---|---|
| 2022 | -62.0% | -0.1% |
| 2023 | -37.4% | +46.5% |
| 2024 | -74.2% | +54.5% |
| 2025 | +394.8% | -18.2% |
| 2026 | +33.0% | +50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and IRM good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DMRA and IRM?
The DMRA/IRM correlation stands at -0.18 on a 3-year window (1 year: -0.35, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is IRM a good diversifier for DMRA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DMRA correlations · IRM correlations
