DMRC vs VEEA: Correlation
How closely do Digimarc Corporation (DMRC) and Veea Inc. (VEEA) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and VEEA?
Over the past 3 years, DMRC and VEEA moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 2299.1 %².
Among the 16 assets we track against DMRC, VEEA sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months DMRC outperformed by 57.3 percentage points (-26.1% for DMRC against -83.4% for VEEA).
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 VEEA: side by side
| DMRC (Digimarc Corporation) | VEEA (Veea Inc.) | |
|---|---|---|
| 1-year return | -26.1% | -83.4% |
| 5-year return | -77.7% | -99.0% |
| Volatility (ann.) | 76.3% | 89.4% |
| Beta vs S&P 500 | 2.38 | 1.23 |
| Max drawdown (3Y) | -90.8% | -99.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMRC | VEEA |
|---|---|---|
| 2022 | -53.2% | +3.6% |
| 2023 | +95.3% | +7.6% |
| 2024 | +3.7% | -64.9% |
| 2025 | -82.5% | -83.3% |
| 2026 | -4.9% | -84.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and VEEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMRC and VEEA?
As of 2026-08-27, the correlation of weekly returns between DMRC and VEEA is 0.34 over 3 years, 0.40 over 1 year and 0.27 over 5 years.
Is VEEA a good diversifier for DMRC?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: DMRC correlations · VEEA correlations
