SHMD vs VRSK: Correlation
Measured on weekly returns over the past three years, SCHMID Group N.V. - Class A (SHMD) and Verisk Analytics (VRSK) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHMD and VRSK?
Over the past 3 years, SHMD and VRSK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.27 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -702.5 %².
Among the 21 assets we track against SHMD, VRSK sits near the bottom by co-movement, at rank #21. The last year tells two different stories: SHMD led by 56.8 percentage points, +28.8% for SHMD against -28.0% for VRSK. One caveat on sizing: SHMD is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SHMD vs VRSK: side by side
| SHMD (SCHMID Group N.V. - Class A) | VRSK (Verisk Analytics) | |
|---|---|---|
| 1-year return | +28.8% | -28.0% |
| 5-year return | n/a | -1.6% |
| Volatility (ann.) | 96.9% | 25.1% |
| Beta vs S&P 500 | 0.77 | 0.27 |
| Max drawdown (3Y) | -69.6% | -50.8% |
| Market cap | $0.2B | $24.9B |
| P/E (trailing) | – | 28.8 |
| Dividend yield | 0.00% | 1.01% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | SHMD | VRSK |
|---|---|---|
| 2022 | – | -22.3% |
| 2023 | – | +36.2% |
| 2024 | – | +16.0% |
| 2025 | +101.1% | -18.2% |
| 2026 | -45.1% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHMD and VRSK good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between SHMD and VRSK?
As of 2026-08-27, the correlation of weekly returns between SHMD and VRSK is -0.27 over 3 years, -0.31 over 1 year and n/a over 5 years.
Is VRSK a good diversifier for SHMD?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/shmd-vs-vrsk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shmd-vs-vrsk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SHMD correlations · VRSK correlations
