KRMD vs SKYW: Correlation
Measured on weekly returns over the past three years, KORU Medical Systems, Inc. (KRMD) and SkyWest, Inc. (SKYW) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRMD and SKYW?
On 3 years of weekly data the KRMD/SKYW correlation comes out at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.40). The 5-year figure is 0.30, and annualized covariance runs at 646.0 %².
Few assets follow KRMD as closely as SKYW, which ranks #1 of 10 tracked partners. Over the last 12 months SKYW came out ahead by 5.4 percentage points (-24.7% against -19.3%).
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.
KRMD vs SKYW: side by side
| KRMD (KORU Medical Systems, Inc.) | SKYW (SkyWest, Inc.) | |
|---|---|---|
| 1-year return | -24.7% | -19.3% |
| 5-year return | -0.3% | +114.2% |
| Volatility (ann.) | 48.9% | 33.3% |
| Beta vs S&P 500 | 0.80 | 0.95 |
| Max drawdown (3Y) | -58.0% | -36.6% |
| Market cap | $0.1B | $3.8B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRMD | SKYW |
|---|---|---|
| 2022 | +19.0% | -58.0% |
| 2023 | -31.2% | +216.2% |
| 2024 | +56.8% | +91.8% |
| 2025 | +50.9% | +0.3% |
| 2026 | -44.9% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRMD and SKYW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KRMD and SKYW?
As of 2026-08-27, the correlation of weekly returns between KRMD and SKYW is 0.40 over 3 years, 0.28 over 1 year and 0.30 over 5 years.
Is SKYW a good diversifier for KRMD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/krmd-vs-skyw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krmd-vs-skyw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRMD correlations · SKYW correlations
