ABEO vs FDMT: Correlation
Measured on weekly returns over the past three years, Abeona Therapeutics Inc. (ABEO) and 4D Molecular Therapeutics, Inc. (FDMT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and FDMT?
Over the past 3 years, ABEO and FDMT moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 2703.7 %².
By 3-year correlation, FDMT places #5 of the 10 assets tracked against ABEO. The last year tells two different stories: FDMT led by 143.3 percentage points, -12.5% for ABEO against +130.8% for FDMT.
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.
ABEO vs FDMT: side by side
| ABEO (Abeona Therapeutics Inc.) | FDMT (4D Molecular Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -12.5% | +130.8% |
| 5-year return | -81.1% | -50.9% |
| Volatility (ann.) | 70.8% | 89.9% |
| Beta vs S&P 500 | 1.33 | 1.09 |
| Max drawdown (3Y) | -63.5% | -93.0% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABEO | FDMT |
|---|---|---|
| 2022 | -63.8% | +1.2% |
| 2023 | +62.7% | -8.8% |
| 2024 | +11.2% | -72.5% |
| 2025 | -5.4% | +34.6% |
| 2026 | +14.6% | +98.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and FDMT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABEO and FDMT?
The ABEO/FDMT correlation stands at 0.42 on a 3-year window (1 year: 0.27, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is FDMT a good diversifier for ABEO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/abeo-vs-fdmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abeo-vs-fdmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABEO correlations · FDMT correlations
