DMRC vs IBM: Correlation
How closely do Digimarc Corporation (DMRC) and IBM (IBM) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and IBM?
On 3 years of weekly data the DMRC/IBM correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 1095.4 %².
By 3-year correlation, IBM places #11 of the 16 assets tracked against DMRC. Correlation aside, the last 12 months split them widely, with IBM ahead by 26.2 points (-26.1% versus +0.1%). Risk is not evenly split, since DMRC carries 2.2 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.
DMRC vs IBM: side by side
| DMRC (Digimarc Corporation) | IBM (IBM) | |
|---|---|---|
| 1-year return | -26.1% | +0.1% |
| 5-year return | -77.7% | +117.6% |
| Volatility (ann.) | 76.3% | 34.7% |
| Beta vs S&P 500 | 2.38 | 0.78 |
| Max drawdown (3Y) | -90.8% | -37.5% |
| Market cap | $0.1B | $225.0B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 2.93% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DMRC | IBM |
|---|---|---|
| 2022 | -53.2% | +10.6% |
| 2023 | +95.3% | +21.8% |
| 2024 | +3.7% | +39.3% |
| 2025 | -82.5% | +38.2% |
| 2026 | -4.9% | -17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and IBM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMRC and IBM?
The DMRC/IBM correlation stands at 0.41 on a 3-year window (1 year: 0.49, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is IBM a good diversifier for DMRC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-ibm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmrc-vs-ibm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DMRC correlations · IBM correlations
