DMRA vs NTWK: Correlation
How closely do Damora Therapeutics, Inc. (DMRA) and NETSOL Technologies Inc. (NTWK) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and NTWK?
On 3 years of weekly data the DMRA/NTWK correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.29). The 5-year figure is -0.21, and annualized covariance runs at -4192.0 %².
Out of 16 assets tracked against DMRA, NTWK lands near the bottom at #15. The last year tells two different stories: DMRA led by 810.2 percentage points, +810.7% for DMRA against +0.5% for NTWK. Risk is not evenly split, since DMRA carries 6.5 times the volatility of the other side.
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 NTWK: side by side
| DMRA (Damora Therapeutics, Inc.) | NTWK (NETSOL Technologies Inc.) | |
|---|---|---|
| 1-year return | +810.7% | +0.5% |
| 5-year return | -72.2% | -4.3% |
| Volatility (ann.) | 304.9% | 47.2% |
| Beta vs S&P 500 | 0.22 | 0.85 |
| Max drawdown (3Y) | -90.0% | -46.4% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | 26.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRA | NTWK |
|---|---|---|
| 2022 | -62.0% | -27.0% |
| 2023 | -37.4% | -23.9% |
| 2024 | -74.2% | +19.1% |
| 2025 | +394.8% | +15.6% |
| 2026 | +33.0% | +32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and NTWK good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between DMRA and NTWK?
As of 2026-08-27, the correlation of weekly returns between DMRA and NTWK is -0.29 over 3 years, -0.49 over 1 year and -0.21 over 5 years.
Is NTWK a good diversifier for DMRA?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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.
Use this data
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmra-vs-ntwk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMRA correlations · NTWK correlations
