DMRA vs RDGT: Correlation
Damora Therapeutics, Inc. (DMRA) and Ridgetech, Inc. (RDGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and RDGT?
On 3 years of weekly data the DMRA/RDGT correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.32 over 3. The 5-year figure is 0.26, and annualized covariance runs at 11798.6 %².
By 3-year correlation, RDGT places #7 of the 16 assets tracked against DMRA. Their recent paths diverged sharply: over the last 12 months DMRA outperformed by 910.2 percentage points (+810.7% for DMRA against -99.5% for RDGT). Risk is not evenly split, since DMRA carries 2.5 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 RDGT: side by side
| DMRA (Damora Therapeutics, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +810.7% | -99.5% |
| 5-year return | -72.2% | -100.0% |
| Volatility (ann.) | 304.9% | 120.7% |
| Beta vs S&P 500 | 0.22 | 0.28 |
| Max drawdown (3Y) | -90.0% | -99.9% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRA | RDGT |
|---|---|---|
| 2022 | -62.0% | -21.5% |
| 2023 | -37.4% | -93.9% |
| 2024 | -74.2% | -59.8% |
| 2025 | +394.8% | +61.0% |
| 2026 | +33.0% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and RDGT good diversifiers for each other?
Reasonably. At 0.32, DMRA and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DMRA and RDGT?
As of 2026-08-27, the correlation of weekly returns between DMRA and RDGT is 0.32 over 3 years, 0.39 over 1 year and 0.26 over 5 years.
Is RDGT a good diversifier for DMRA?
Reasonably. At 0.32, DMRA and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DMRA correlations · RDGT correlations
