DMRA vs SPRU: Correlation
Damora Therapeutics, Inc. (DMRA) and Spruce Power Holding Corporation (SPRU) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRA and SPRU?
On 3 years of weekly data the DMRA/SPRU correlation comes out at 0.56, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.56). The 5-year figure is 0.49, and annualized covariance runs at 14349.9 %².
In DMRA's tracked universe of 16 assets, SPRU sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months DMRA outperformed by 782.8 percentage points (+810.7% for DMRA against +27.9% for SPRU). One caveat on sizing: DMRA is 3.6 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 SPRU: side by side
| DMRA (Damora Therapeutics, Inc.) | SPRU (Spruce Power Holding Corporation) | |
|---|---|---|
| 1-year return | +810.7% | +27.9% |
| 5-year return | -72.2% | -96.5% |
| Volatility (ann.) | 304.9% | 84.6% |
| Beta vs S&P 500 | 0.22 | 1.03 |
| Max drawdown (3Y) | -90.0% | -83.1% |
| 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 | SPRU |
|---|---|---|
| 2022 | -62.0% | -72.2% |
| 2023 | -37.4% | -39.9% |
| 2024 | -74.2% | -32.8% |
| 2025 | +394.8% | +71.4% |
| 2026 | +33.0% | -63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRA and SPRU good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DMRA and SPRU?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.70 over the last year and 0.49 over 5 years.
Is SPRU a good diversifier for DMRA?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dmra-vs-spru.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmra-vs-spru/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMRA correlations · SPRU correlations
