Digimarc Corporation Common Stock (DMRC) — Stock Correlations & Overview
Over the past year, DMRC has moved most closely with XSW, CLOD, WISE. Explore the stocks most correlated and inversely correlated with DMRC below, along with its price, financials, and company profile.
Stocks correlated with DMRC
Correlation of daily returns. Higher positive values move with DMRC; negative values move opposite it. Informational only, not investment advice.
Most correlated with DMRC
| Symbol | Company | Correlation |
|---|---|---|
| XSW | State Street SPDR S&P Software & Services ETF | 0.52 |
| CLOD | Themes Cloud Computing ETF | 0.52 |
| WISE | Themes Generative Artificial Intelligence ETF | 0.51 |
| IGV | iShares Expanded Tech-Software Sector ETF | 0.50 |
| XITK | State Street SPDR FactSet Innovative Technology ETF | 0.50 |
Most inversely correlated with DMRC
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.45 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.40 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.40 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.39 |
Frequently asked questions about DMRC correlations
- Which stocks are most correlated with DMRC?
- Based on one year of daily returns, the stocks most correlated with Digimarc Corporation Common Stock (DMRC) are XSW (0.52), CLOD (0.52) and WISE (0.51). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DMRC?
- Over the past year, the stocks most inversely correlated with Digimarc Corporation Common Stock (DMRC) are WEBS (-0.45), AIBD (-0.40) and PALD (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DMRC correlations calculated?
- We compute the correlation of daily returns between DMRC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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