KMDA vs NMTC: Correlation
Measured on weekly returns over the past three years, Kamada Ltd. (KMDA) and NeuroOne Medical Technologies Corporation (NMTC) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMDA and NMTC?
Across a 3-year window, the weekly returns of KMDA and NMTC correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 969.8 %².
Within KMDA's tracked universe of 13 assets, NMTC comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KMDA ahead by 75.4 points (+19.4% versus -56.0%). Note the risk asymmetry: NMTC runs 2.3 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.
KMDA vs NMTC: side by side
| KMDA (Kamada Ltd.) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | +19.4% | -56.0% |
| 5-year return | +62.4% | -91.3% |
| Volatility (ann.) | 36.7% | 83.8% |
| Beta vs S&P 500 | 0.75 | 1.16 |
| Max drawdown (3Y) | -28.9% | -86.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 3.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMDA | NMTC |
|---|---|---|
| 2022 | -39.1% | -38.1% |
| 2023 | +52.6% | +31.7% |
| 2024 | -0.5% | -47.7% |
| 2025 | +19.2% | -8.2% |
| 2026 | +20.5% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMDA and NMTC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KMDA and NMTC?
The KMDA/NMTC correlation stands at 0.32 on a 3-year window (1 year: 0.29, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is NMTC a good diversifier for KMDA?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmda-vs-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmda-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMDA correlations · NMTC correlations
