CATX vs FBRX: Correlation
Perspective Therapeutics, Inc. (CATX) and Forte Biosciences, Inc. (FBRX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATX and FBRX?
Across a 3-year window, the weekly returns of CATX and FBRX correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -3391.9 %².
By 3-year correlation, FBRX places #9 of the 14 assets tracked against CATX. Their recent paths diverged sharply: over the last 12 months FBRX outperformed by 595.6 percentage points (-11.9% for CATX against +583.7% for FBRX).
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.
CATX vs FBRX: side by side
| CATX (Perspective Therapeutics, Inc.) | FBRX (Forte Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -11.9% | +583.7% |
| 5-year return | -49.5% | -89.5% |
| Volatility (ann.) | 105.9% | 157.4% |
| Beta vs S&P 500 | 1.10 | 1.45 |
| Max drawdown (3Y) | -90.7% | -81.2% |
| Market cap | $0.4B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATX | FBRX |
|---|---|---|
| 2022 | -35.9% | -53.3% |
| 2023 | +60.0% | -17.8% |
| 2024 | -20.2% | +10.5% |
| 2025 | -13.8% | +20.1% |
| 2026 | +15.6% | +182.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATX and FBRX good diversifiers for each other?
Yes. With a correlation of -0.20, CATX and FBRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CATX and FBRX?
As of 2026-08-27, the correlation of weekly returns between CATX and FBRX is -0.20 over 3 years, -0.22 over 1 year and -0.13 over 5 years.
Is FBRX a good diversifier for CATX?
Yes. With a correlation of -0.20, CATX and FBRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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
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Related comparisons
Hubs: CATX correlations · FBRX correlations
