NEGG vs PRME: Correlation
Measured on weekly returns over the past three years, Newegg Commerce, Inc. (NEGG) and Prime Medicine, Inc. (PRME) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEGG and PRME?
Over the past 3 years, NEGG and PRME moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 7858.9 %².
Among the 10 assets we track against NEGG, PRME ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRME ahead by 77.1 points (-71.0% versus +6.1%). Note the risk asymmetry: NEGG runs 1.9 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.
NEGG vs PRME: side by side
| NEGG (Newegg Commerce, Inc.) | PRME (Prime Medicine, Inc.) | |
|---|---|---|
| 1-year return | -71.0% | +6.1% |
| 5-year return | -95.1% | n/a |
| Volatility (ann.) | 184.2% | 98.7% |
| Beta vs S&P 500 | 2.34 | 2.97 |
| Max drawdown (3Y) | -90.3% | -91.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | 68.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NEGG | PRME |
|---|---|---|
| 2022 | -87.4% | – |
| 2023 | -3.8% | -52.3% |
| 2024 | -68.3% | -67.0% |
| 2025 | +534.5% | +18.8% |
| 2026 | -65.2% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEGG and PRME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEGG and PRME?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.06 over the last year and 0.40 over 5 years.
Is PRME a good diversifier for NEGG?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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
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Related comparisons
Hubs: NEGG correlations · PRME correlations
