FBLG vs PLCE: Correlation
Measured on weekly returns over the past three years, FibroBiologics, Inc. (FBLG) and Children's Place, Inc. (The) (PLCE) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBLG and PLCE?
Over the past 3 years, FBLG and PLCE moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.49 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 12422.5 %².
In FBLG's tracked universe of 15 assets, PLCE sits right near the top at #1. The last year tells two different stories: PLCE led by 40.5 percentage points, -87.6% for FBLG against -47.1% for PLCE.
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.
FBLG vs PLCE: side by side
| FBLG (FibroBiologics, Inc.) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -87.6% | -47.1% |
| 5-year return | n/a | -97.2% |
| Volatility (ann.) | 150.1% | 159.8% |
| Beta vs S&P 500 | 0.40 | 2.28 |
| Max drawdown (3Y) | -99.9% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBLG | PLCE |
|---|---|---|
| 2022 | – | -54.1% |
| 2023 | – | -36.2% |
| 2024 | – | -55.0% |
| 2025 | -88.8% | -62.0% |
| 2026 | -66.9% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBLG and PLCE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FBLG and PLCE?
The FBLG/PLCE correlation stands at 0.49 on a 3-year window (1 year: 0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PLCE a good diversifier for FBLG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/fblg-vs-plce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fblg-vs-plce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBLG correlations · PLCE correlations
