EPRX vs NMTC: Correlation
Eupraxia Pharmaceuticals Inc. (EPRX) and NeuroOne Medical Technologies Corporation (NMTC) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRX and NMTC?
Over the past 3 years, EPRX and NMTC moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1164.0 %².
By 3-year correlation, NMTC places #8 of the 13 assets tracked against EPRX. Their recent paths diverged sharply: over the last 12 months EPRX outperformed by 95.4 percentage points (+39.4% for EPRX against -56.0% for NMTC). Note the risk asymmetry: NMTC runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EPRX vs NMTC: side by side
| EPRX (Eupraxia Pharmaceuticals Inc.) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | +39.4% | -56.0% |
| 5-year return | n/a | -91.3% |
| Volatility (ann.) | 49.2% | 83.8% |
| Beta vs S&P 500 | 1.06 | 1.16 |
| Max drawdown (3Y) | -35.9% | -86.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPRX | NMTC |
|---|---|---|
| 2022 | – | -38.1% |
| 2023 | – | +31.7% |
| 2024 | – | -47.7% |
| 2025 | +138.2% | -8.2% |
| 2026 | -2.5% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRX and NMTC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EPRX and NMTC?
As of 2026-08-27, the correlation of weekly returns between EPRX and NMTC is 0.31 over 3 years, 0.15 over 1 year and n/a over 5 years.
Is NMTC a good diversifier for EPRX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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/eprx-vs-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eprx-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPRX correlations · NMTC correlations
