DRMA vs FLNA: Correlation
Dermata Therapeutics, Inc. (DRMA) and Filana Therapeutics, Inc. (FLNA) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRMA and FLNA?
On 3 years of weekly data the DRMA/FLNA correlation comes out at 0.29, weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.29). The 5-year figure is 0.18, and annualized covariance runs at 3018.7 %².
Within DRMA's tracked universe of 13 assets, FLNA comes in at #8 by 3-year correlation. The trailing year gives FLNA the advantage: -72.4% versus -60.0%, a 12.4-point spread.
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.
DRMA vs FLNA: side by side
| DRMA (Dermata Therapeutics, Inc.) | FLNA (Filana Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -72.4% | -60.0% |
| 5-year return | -100.0% | -98.3% |
| Volatility (ann.) | 90.1% | 115.4% |
| Beta vs S&P 500 | 1.23 | 0.88 |
| Max drawdown (3Y) | -99.4% | -97.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DRMA | FLNA |
|---|---|---|
| 2022 | -76.5% | -32.4% |
| 2023 | -90.7% | -23.8% |
| 2024 | -85.2% | -89.5% |
| 2025 | -82.8% | -16.1% |
| 2026 | -37.1% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRMA and FLNA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DRMA and FLNA?
As of 2026-08-27, the correlation of weekly returns between DRMA and FLNA is 0.29 over 3 years, 0.02 over 1 year and 0.18 over 5 years.
Is FLNA a good diversifier for DRMA?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drma-vs-flna.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drma-vs-flna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRMA correlations · FLNA correlations
