FF vs SIGA: Correlation
Measured on weekly returns over the past three years, FutureFuel Corp. (FF) and SIGA Technologies Inc. (SIGA) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FF and SIGA?
Across a 3-year window, the weekly returns of FF and SIGA correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 1339.7 %².
In FF's tracked universe of 12 assets, SIGA sits right near the top at #2. Correlation aside, the last 12 months split them widely, with FF ahead by 96.5 points (+38.4% versus -58.1%).
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.
FF vs SIGA: side by side
| FF (FutureFuel Corp.) | SIGA (SIGA Technologies Inc.) | |
|---|---|---|
| 1-year return | +38.4% | -58.1% |
| 5-year return | +11.5% | -27.3% |
| Volatility (ann.) | 48.8% | 64.1% |
| Beta vs S&P 500 | 0.88 | 1.22 |
| Max drawdown (3Y) | -47.9% | -70.1% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 3.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FF | SIGA |
|---|---|---|
| 2022 | +9.9% | +4.2% |
| 2023 | -22.8% | -17.6% |
| 2024 | +31.0% | +15.2% |
| 2025 | -35.8% | +12.3% |
| 2026 | +65.4% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FF and SIGA good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FF and SIGA?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.39 over the last year and 0.31 over 5 years.
Is SIGA a good diversifier for FF?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/ff-vs-siga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ff-vs-siga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FF correlations · SIGA correlations
