DNLI vs RMTI: Correlation
Denali Therapeutics Inc. (DNLI) and Rockwell Medical, Inc. (RMTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNLI and RMTI?
Across a 3-year window, the weekly returns of DNLI and RMTI correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.32, with an annualized covariance of 2261.3 %².
Within DNLI's tracked universe of 25 assets, RMTI comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DNLI outperformed by 105.4 percentage points (+58.1% for DNLI against -47.3% for RMTI).
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.
DNLI vs RMTI: side by side
| DNLI (Denali Therapeutics Inc.) | RMTI (Rockwell Medical, Inc.) | |
|---|---|---|
| 1-year return | +58.1% | -47.3% |
| 5-year return | -53.4% | -89.3% |
| Volatility (ann.) | 60.6% | 79.9% |
| Beta vs S&P 500 | 2.02 | 1.63 |
| Max drawdown (3Y) | -63.7% | -88.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNLI | RMTI |
|---|---|---|
| 2022 | -37.6% | -77.6% |
| 2023 | -22.8% | +87.1% |
| 2024 | -5.0% | +7.9% |
| 2025 | -19.0% | -59.3% |
| 2026 | +49.4% | -6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNLI and RMTI good diversifiers for each other?
Reasonably. At 0.47, DNLI and RMTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DNLI and RMTI?
As of 2026-08-27, the correlation of weekly returns between DNLI and RMTI is 0.47 over 3 years, 0.29 over 1 year and 0.32 over 5 years.
Is RMTI a good diversifier for DNLI?
Reasonably. At 0.47, DNLI and RMTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/dnli-vs-rmti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnli-vs-rmti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNLI correlations · RMTI correlations
