DMRC vs HUMA: Correlation
How closely do Digimarc Corporation (DMRC) and Humacyte, Inc. (HUMA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and HUMA?
On 3 years of weekly data the DMRC/HUMA correlation comes out at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.39). The 5-year figure is 0.35, and annualized covariance runs at 3076.2 %².
Among the 16 assets we track against DMRC, HUMA sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months DMRC outperformed by 28.6 percentage points (-26.1% for DMRC against -54.7% for HUMA).
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 HUMA: side by side
| DMRC (Digimarc Corporation) | HUMA (Humacyte, Inc.) | |
|---|---|---|
| 1-year return | -26.1% | -54.7% |
| 5-year return | -77.7% | -94.8% |
| Volatility (ann.) | 76.3% | 103.1% |
| Beta vs S&P 500 | 2.38 | 2.71 |
| Max drawdown (3Y) | -90.8% | -94.2% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRC | HUMA |
|---|---|---|
| 2022 | -53.2% | -70.9% |
| 2023 | +95.3% | +34.6% |
| 2024 | +3.7% | +77.8% |
| 2025 | -82.5% | -81.0% |
| 2026 | -4.9% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and HUMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMRC and HUMA?
The DMRC/HUMA correlation stands at 0.39 on a 3-year window (1 year: 0.56, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is HUMA a good diversifier for DMRC?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/dmrc-vs-huma.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmrc-vs-huma/)
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Related comparisons
Hubs: DMRC correlations · HUMA correlations
