NMRA vs SPCB: Correlation
How closely do Neumora Therapeutics, Inc. (NMRA) and SuperCom, Ltd. (SPCB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRA and SPCB?
Across a 3-year window, the weekly returns of NMRA and SPCB correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -3046.4 %².
Among the 11 assets we track against NMRA, SPCB sits near the bottom by co-movement, at rank #8. The last year tells two different stories: SPCB led by 28.0 percentage points, -15.9% for NMRA against +12.1% for SPCB.
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 SPCB: side by side
| NMRA (Neumora Therapeutics, Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -15.9% | +12.1% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 111.2% | 119.2% |
| Beta vs S&P 500 | 2.04 | 1.19 |
| Max drawdown (3Y) | -96.9% | -84.7% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRA | SPCB |
|---|---|---|
| 2022 | – | -68.2% |
| 2023 | – | -78.1% |
| 2024 | -37.8% | -38.2% |
| 2025 | -83.1% | +87.8% |
| 2026 | -17.3% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRA and SPCB good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between NMRA and SPCB?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is SPCB a good diversifier for NMRA?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NMRA correlations · SPCB correlations
