DMRC vs DUOT: Correlation
Measured on weekly returns over the past three years, Digimarc Corporation (DMRC) and Duos Technologies Group, Inc. (DUOT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and DUOT?
Across a 3-year window, the weekly returns of DMRC and DUOT correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 2685.5 %².
Within DMRC's tracked universe of 16 assets, DUOT comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DUOT ahead by 86.8 points (-26.1% versus +60.7%).
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.
DMRC vs DUOT: side by side
| DMRC (Digimarc Corporation) | DUOT (Duos Technologies Group, Inc.) | |
|---|---|---|
| 1-year return | -26.1% | +60.7% |
| 5-year return | -77.7% | +57.5% |
| Volatility (ann.) | 76.3% | 83.7% |
| Beta vs S&P 500 | 2.38 | 1.75 |
| Max drawdown (3Y) | -90.8% | -64.3% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRC | DUOT |
|---|---|---|
| 2022 | -53.2% | -61.0% |
| 2023 | +95.3% | +45.0% |
| 2024 | +3.7% | +106.2% |
| 2025 | -82.5% | +88.1% |
| 2026 | -4.9% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and DUOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMRC and DUOT?
The DMRC/DUOT correlation stands at 0.42 on a 3-year window (1 year: 0.47, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is DUOT a good diversifier for DMRC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/dmrc-vs-duot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmrc-vs-duot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMRC correlations · DUOT correlations
