STIM vs VEEV: Correlation
Measured on weekly returns over the past three years, Neuronetics, Inc. (STIM) and Veeva Systems (VEEV) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STIM and VEEV?
Over the past 3 years, STIM and VEEV moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.40 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1742.5 %².
In STIM's tracked universe of 11 assets, VEEV sits right near the top at #3. The trailing year gives VEEV the advantage: -11.9% versus -3.9%, a 8.0-point spread. Note the risk asymmetry: STIM runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
STIM vs VEEV: side by side
| STIM (Neuronetics, Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -11.9% | -3.9% |
| 5-year return | -54.7% | -15.2% |
| Volatility (ann.) | 109.2% | 40.0% |
| Beta vs S&P 500 | 1.83 | 0.99 |
| Max drawdown (3Y) | -87.3% | -50.5% |
| Market cap | $0.2B | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | STIM | VEEV |
|---|---|---|
| 2022 | +54.0% | -36.8% |
| 2023 | -57.8% | +19.3% |
| 2024 | -44.5% | +9.2% |
| 2025 | -14.3% | +6.2% |
| 2026 | +114.5% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STIM and VEEV good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between STIM and VEEV?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.53 over the last year and 0.37 over 5 years.
Is VEEV a good diversifier for STIM?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/stim-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/stim-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STIM correlations · VEEV correlations
