DMRA vs SGRY: Correlation
How closely do Damora Therapeutics, Inc. (DMRA) and Surgery Partners, Inc. (SGRY) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and SGRY?
Over the past 3 years, DMRA and SGRY moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -4093.2 %².
Among the 16 assets we track against DMRA, SGRY sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with DMRA ahead by 849.7 points (+810.7% versus -39.0%). One caveat on sizing: DMRA is 6.0 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 SGRY: side by side
| DMRA (Damora Therapeutics, Inc.) | SGRY (Surgery Partners, Inc.) | |
|---|---|---|
| 1-year return | +810.7% | -39.0% |
| 5-year return | -72.2% | -71.6% |
| Volatility (ann.) | 304.9% | 51.2% |
| Beta vs S&P 500 | 0.22 | 1.30 |
| Max drawdown (3Y) | -90.0% | -69.3% |
| Market cap | $1.9B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRA | SGRY |
|---|---|---|
| 2022 | -62.0% | -47.8% |
| 2023 | -37.4% | +14.8% |
| 2024 | -74.2% | -33.8% |
| 2025 | +394.8% | -27.0% |
| 2026 | +33.0% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and SGRY good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DMRA and SGRY?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.53 over the last year and -0.16 over 5 years.
Is SGRY a good diversifier for DMRA?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/dmra-vs-sgry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmra-vs-sgry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMRA correlations · SGRY correlations
