EDIT vs FLNA: Correlation
How closely do Editas Medicine, Inc. (EDIT) and Filana Therapeutics, Inc. (FLNA) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDIT and FLNA?
Across a 3-year window, the weekly returns of EDIT and FLNA correlate at 0.30, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.30). Stretching to 5 years gives 0.23, with an annualized covariance of 3019.7 %².
Out of 22 assets tracked against EDIT, FLNA lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months EDIT outperformed by 83.6 percentage points (+23.6% for EDIT against -60.0% for FLNA).
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.
EDIT vs FLNA: side by side
| EDIT (Editas Medicine, Inc.) | FLNA (Filana Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +23.6% | -60.0% |
| 5-year return | -94.7% | -98.3% |
| Volatility (ann.) | 86.8% | 115.4% |
| Beta vs S&P 500 | 2.56 | 0.88 |
| Max drawdown (3Y) | -91.2% | -97.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDIT | FLNA |
|---|---|---|
| 2022 | -66.6% | -32.4% |
| 2023 | +14.2% | -23.8% |
| 2024 | -87.5% | -89.5% |
| 2025 | +61.4% | -16.1% |
| 2026 | +61.0% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDIT and FLNA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDIT and FLNA?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.56 over the last year and 0.23 over 5 years.
Is FLNA a good diversifier for EDIT?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: EDIT correlations · FLNA correlations
