ERNA vs FSEA: Correlation
Measured on weekly returns over the past three years, Ernexa Therapeutics Inc. (ERNA) and First Seacoast Bancorp, Inc. (FSEA) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERNA and FSEA?
Over the past 3 years, ERNA and FSEA moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.38). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1653.6 %².
Within ERNA's tracked universe of 14 assets, FSEA comes in at #4 by 3-year correlation. The last year tells two different stories: FSEA led by 135.3 percentage points, -86.4% for ERNA against +48.9% for FSEA. One caveat on sizing: ERNA is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ERNA vs FSEA: side by side
| ERNA (Ernexa Therapeutics Inc.) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -86.4% | +48.9% |
| 5-year return | -100.0% | +44.2% |
| Volatility (ann.) | 131.2% | 33.2% |
| Beta vs S&P 500 | 1.62 | 0.19 |
| Max drawdown (3Y) | -99.7% | -21.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERNA | FSEA |
|---|---|---|
| 2022 | -96.1% | -10.5% |
| 2023 | -44.1% | -32.7% |
| 2024 | -83.9% | +30.6% |
| 2025 | -72.4% | +31.5% |
| 2026 | -84.2% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERNA and FSEA good diversifiers for each other?
Reasonably. At 0.38, ERNA and FSEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ERNA and FSEA?
The ERNA/FSEA correlation stands at 0.38 on a 3-year window (1 year: 0.50, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is FSEA a good diversifier for ERNA?
Reasonably. At 0.38, ERNA and FSEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/erna-vs-fsea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/erna-vs-fsea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ERNA correlations · FSEA correlations
