DWTX vs VRME: Correlation
How closely do Dogwood Therapeutics, Inc. (DWTX) and VerifyMe, Inc. (VRME) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and VRME?
On 3 years of weekly data the DWTX/VRME correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -8715.9 %².
Among the 18 assets we track against DWTX, VRME ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VRME ahead by 27.4 points (-50.1% versus -22.7%). One caveat on sizing: DWTX is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DWTX vs VRME: side by side
| DWTX (Dogwood Therapeutics, Inc.) | VRME (VerifyMe, Inc.) | |
|---|---|---|
| 1-year return | -50.1% | -22.7% |
| 5-year return | -98.2% | -80.2% |
| Volatility (ann.) | 314.7% | 118.8% |
| Beta vs S&P 500 | 2.56 | 0.56 |
| Max drawdown (3Y) | -95.6% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 1.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWTX | VRME |
|---|---|---|
| 2022 | -95.4% | -63.5% |
| 2023 | +143.6% | -3.4% |
| 2024 | -82.7% | +21.4% |
| 2025 | +67.1% | -55.8% |
| 2026 | -44.2% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and VRME good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between DWTX and VRME?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.14 over the last year and -0.18 over 5 years.
Is VRME a good diversifier for DWTX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/dwtx-vs-vrme.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dwtx-vs-vrme/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DWTX correlations · VRME correlations
