ENVB vs FIRY: Correlation
Enveric Biosciences, Inc. (ENVB) and Firy Inc. (FIRY) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVB and FIRY?
Over the past 3 years, ENVB and FIRY moved with a correlation of 0.45, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.45). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 6858.7 %².
In ENVB's tracked universe of 16 assets, FIRY sits right near the top at #3. Correlation aside, the last 12 months split them widely, with FIRY ahead by 108.3 points (-92.1% versus +16.2%). Note the risk asymmetry: ENVB runs 1.7 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.
ENVB vs FIRY: side by side
| ENVB (Enveric Biosciences, Inc.) | FIRY (Firy Inc.) | |
|---|---|---|
| 1-year return | -92.1% | +16.2% |
| 5-year return | -100.0% | -95.2% |
| Volatility (ann.) | 160.8% | 95.3% |
| Beta vs S&P 500 | 0.75 | 2.29 |
| Max drawdown (3Y) | -100.0% | -74.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVB | FIRY |
|---|---|---|
| 2022 | -95.5% | -93.2% |
| 2023 | -37.5% | -38.3% |
| 2024 | -72.5% | -19.4% |
| 2025 | -99.6% | -14.3% |
| 2026 | -62.3% | +136.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVB and FIRY good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENVB and FIRY?
As of 2026-08-27, the correlation of weekly returns between ENVB and FIRY is 0.45 over 3 years, 0.72 over 1 year and 0.34 over 5 years.
Is FIRY a good diversifier for ENVB?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/envb-vs-firy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/envb-vs-firy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENVB correlations · FIRY correlations
