KRRO vs NMTC: Correlation
How closely do Korro Bio, Inc. (KRRO) and NeuroOne Medical Technologies Corporation (NMTC) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRRO and NMTC?
Over the past 3 years, KRRO and NMTC moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.31). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 4272.4 %².
Among the 16 assets we track against KRRO, NMTC ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KRRO outperformed by 17.4 percentage points (-38.6% for KRRO against -56.0% for NMTC). Note the risk asymmetry: KRRO runs 2.0 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.
KRRO vs NMTC: side by side
| KRRO (Korro Bio, Inc.) | NMTC (NeuroOne Medical Technologies Corporation) | |
|---|---|---|
| 1-year return | -38.6% | -56.0% |
| 5-year return | -96.6% | -91.3% |
| Volatility (ann.) | 166.3% | 83.8% |
| Beta vs S&P 500 | 3.17 | 1.16 |
| Max drawdown (3Y) | -94.1% | -86.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRRO | NMTC |
|---|---|---|
| 2022 | -25.0% | -38.1% |
| 2023 | -75.1% | +31.7% |
| 2024 | -20.6% | -47.7% |
| 2025 | -79.0% | -8.2% |
| 2026 | +65.5% | -56.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRRO and NMTC good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KRRO and NMTC?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.06 over the last year and 0.22 over 5 years.
Is NMTC a good diversifier for KRRO?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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/krro-vs-nmtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krro-vs-nmtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KRRO correlations · NMTC correlations
