APRE vs FRMM: Correlation
How closely do Aprea Therapeutics, Inc. (APRE) and Forum Markets, Incorporated (FRMM) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APRE and FRMM?
On 3 years of weekly data the APRE/FRMM correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.42). The 5-year figure is 0.29, and annualized covariance runs at 7870.2 %².
Few assets follow APRE as closely as FRMM, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with APRE ahead by 34.8 points (-46.2% versus -81.0%). Note the risk asymmetry: FRMM runs 2.8 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.
APRE vs FRMM: side by side
| APRE (Aprea Therapeutics, Inc.) | FRMM (Forum Markets, Incorporated) | |
|---|---|---|
| 1-year return | -46.2% | -81.0% |
| 5-year return | -99.0% | -100.0% |
| Volatility (ann.) | 82.1% | 228.0% |
| Beta vs S&P 500 | 2.10 | 2.29 |
| Max drawdown (3Y) | -93.0% | -98.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APRE | FRMM |
|---|---|---|
| 2022 | -88.5% | -95.7% |
| 2023 | -29.0% | -93.7% |
| 2024 | -30.0% | -55.2% |
| 2025 | -74.1% | -73.1% |
| 2026 | +0.8% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APRE and FRMM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APRE and FRMM?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.03 over the last year and 0.29 over 5 years.
Is FRMM a good diversifier for APRE?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/apre-vs-frmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apre-vs-frmm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APRE correlations · FRMM correlations
