PCOR vs SMTI: Correlation
Procore Technologies, Inc. (PCOR) and Sanara MedTech Inc. (SMTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCOR and SMTI?
Across a 3-year window, the weekly returns of PCOR and SMTI correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 1143.2 %².
By 3-year correlation, SMTI places #15 of the 21 assets tracked against PCOR. On 12-month performance SMTI holds a 7.9-point edge, -6.0% against +1.9%.
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.
PCOR vs SMTI: side by side
| PCOR (Procore Technologies, Inc.) | SMTI (Sanara MedTech Inc.) | |
|---|---|---|
| 1-year return | -6.0% | +1.9% |
| 5-year return | -32.7% | -0.3% |
| Volatility (ann.) | 46.4% | 51.5% |
| Beta vs S&P 500 | 1.31 | 1.20 |
| Max drawdown (3Y) | -56.6% | -60.7% |
| Market cap | $9.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCOR | SMTI |
|---|---|---|
| 2022 | -41.0% | +54.0% |
| 2023 | +46.7% | -9.7% |
| 2024 | +8.2% | -19.2% |
| 2025 | -2.9% | -29.7% |
| 2026 | -12.4% | +48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCOR and SMTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PCOR and SMTI?
As of 2026-08-27, the correlation of weekly returns between PCOR and SMTI is 0.48 over 3 years, 0.51 over 1 year and 0.32 over 5 years.
Is SMTI a good diversifier for PCOR?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/pcor-vs-smti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcor-vs-smti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PCOR correlations · SMTI correlations
