DMRA vs OM: Correlation
Damora Therapeutics, Inc. (DMRA) and Outset Medical, Inc. (OM) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and OM?
Across a 3-year window, the weekly returns of DMRA and OM correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.64) than the 3-year average (-0.27). Stretching to 5 years gives -0.20, with an annualized covariance of -9101.7 %².
Among the 16 assets we track against DMRA, OM sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months DMRA outperformed by 881.4 percentage points (+810.7% for DMRA against -70.7% for OM). One caveat on sizing: DMRA is 2.7 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.
DMRA vs OM: side by side
| DMRA (Damora Therapeutics, Inc.) | OM (Outset Medical, Inc.) | |
|---|---|---|
| 1-year return | +810.7% | -70.7% |
| 5-year return | -72.2% | -99.4% |
| Volatility (ann.) | 304.9% | 112.6% |
| Beta vs S&P 500 | 0.22 | 1.98 |
| Max drawdown (3Y) | -90.0% | -98.5% |
| Market cap | $1.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRA | OM |
|---|---|---|
| 2022 | -62.0% | -44.0% |
| 2023 | -37.4% | -79.0% |
| 2024 | -74.2% | -79.5% |
| 2025 | +394.8% | -77.7% |
| 2026 | +33.0% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and OM good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DMRA and OM?
The DMRA/OM correlation stands at -0.27 on a 3-year window (1 year: -0.64, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is OM a good diversifier for DMRA?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/dmra-vs-om.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmra-vs-om/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DMRA correlations · OM correlations
