FBRX vs SENEB: Correlation
Measured on weekly returns over the past three years, Forte Biosciences, Inc. (FBRX) and Seneca Foods Corp. (SENEB) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBRX and SENEB?
Over the past 3 years, FBRX and SENEB moved with a correlation of 0.31, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.42 versus 0.31 over 3 years. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 1669.7 %².
Within FBRX's tracked universe of 11 assets, SENEB comes in at #6 by 3-year correlation. The last year tells two different stories: FBRX led by 510.8 percentage points, +583.7% for FBRX against +72.9% for SENEB. One caveat on sizing: FBRX is 4.7 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.
FBRX vs SENEB: side by side
| FBRX (Forte Biosciences, Inc.) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | +583.7% | +72.9% |
| 5-year return | -89.5% | +292.8% |
| Volatility (ann.) | 157.4% | 33.7% |
| Beta vs S&P 500 | 1.45 | 0.14 |
| Max drawdown (3Y) | -81.2% | -22.4% |
| Market cap | $1.6B | $1.3B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBRX | SENEB |
|---|---|---|
| 2022 | -53.3% | +28.5% |
| 2023 | -17.8% | -14.7% |
| 2024 | +10.5% | +53.7% |
| 2025 | +20.1% | +38.0% |
| 2026 | +182.3% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBRX and SENEB good diversifiers for each other?
Reasonably. At 0.31, FBRX and SENEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FBRX and SENEB?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.42 over the last year and 0.22 over 5 years.
Is SENEB a good diversifier for FBRX?
Reasonably. At 0.31, FBRX and SENEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbrx-vs-seneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbrx-vs-seneb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBRX correlations · SENEB correlations
