NERV vs NMRA: Correlation
How closely do Minerva Neurosciences, Inc (NERV) and Neumora Therapeutics, Inc. (NMRA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NERV and NMRA?
Over the past 3 years, NERV and NMRA moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3906.4 %².
Within NERV's tracked universe of 12 assets, NMRA comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NERV ahead by 132.4 points (+116.5% versus -15.9%).
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.
NERV vs NMRA: side by side
| NERV (Minerva Neurosciences, Inc) | NMRA (Neumora Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +116.5% | -15.9% |
| 5-year return | -63.8% | n/a |
| Volatility (ann.) | 99.2% | 111.2% |
| Beta vs S&P 500 | 1.61 | 2.04 |
| Max drawdown (3Y) | -89.3% | -96.9% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NERV | NMRA |
|---|---|---|
| 2022 | -75.2% | – |
| 2023 | +286.8% | – |
| 2024 | -63.9% | -37.8% |
| 2025 | +80.9% | -83.1% |
| 2026 | +27.6% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NERV and NMRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NERV and NMRA?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.63 over the last year and n/a over 5 years.
Is NMRA a good diversifier for NERV?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nerv-vs-nmra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nerv-vs-nmra/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NERV correlations · NMRA correlations
