NMRA vs OPEN: Correlation
Neumora Therapeutics, Inc. (NMRA) and Opendoor Technologies Inc (OPEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRA and OPEN?
Across a 3-year window, the weekly returns of NMRA and OPEN correlate at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.36 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 5815.6 %².
OPEN is one of the assets that tracks NMRA most closely: it ranks #2 out of the 11 assets we track against NMRA. Twelve-month performance is nearly a tie, at -15.9% for NMRA and -15.9% for OPEN.
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.
NMRA vs OPEN: side by side
| NMRA (Neumora Therapeutics, Inc.) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -15.9% | -15.9% |
| 5-year return | n/a | -80.8% |
| Volatility (ann.) | 111.2% | 145.6% |
| Beta vs S&P 500 | 2.04 | 2.46 |
| Max drawdown (3Y) | -96.9% | -89.2% |
| Market cap | $0.3B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRA | OPEN |
|---|---|---|
| 2022 | – | -92.1% |
| 2023 | – | +286.2% |
| 2024 | -37.8% | -64.3% |
| 2025 | -83.1% | +264.4% |
| 2026 | -17.3% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRA and OPEN good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMRA and OPEN?
The NMRA/OPEN correlation stands at 0.36 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OPEN a good diversifier for NMRA?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/nmra-vs-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nmra-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NMRA correlations · OPEN correlations
