FHTX vs GRRR: Correlation
Measured on weekly returns over the past three years, Foghorn Therapeutics Inc. (FHTX) and Gorilla Technology Group Inc. (GRRR) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHTX and GRRR?
On 3 years of weekly data the FHTX/GRRR correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 5079.9 %².
By 3-year correlation, GRRR places #6 of the 12 assets tracked against FHTX. Correlation aside, the last 12 months split them widely, with FHTX ahead by 18.1 points (+15.0% versus -3.1%).
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.
FHTX vs GRRR: side by side
| FHTX (Foghorn Therapeutics Inc.) | GRRR (Gorilla Technology Group Inc.) | |
|---|---|---|
| 1-year return | +15.0% | -3.1% |
| 5-year return | -49.1% | -84.2% |
| Volatility (ann.) | 103.7% | 116.9% |
| Beta vs S&P 500 | 2.17 | 1.92 |
| Max drawdown (3Y) | -68.5% | -85.8% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHTX | GRRR |
|---|---|---|
| 2022 | -72.1% | -18.9% |
| 2023 | +1.1% | -93.4% |
| 2024 | -26.8% | +235.1% |
| 2025 | +14.4% | -39.5% |
| 2026 | +15.2% | +43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHTX and GRRR good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FHTX and GRRR?
The FHTX/GRRR correlation stands at 0.42 on a 3-year window (1 year: 0.35, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is GRRR a good diversifier for FHTX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/fhtx-vs-grrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhtx-vs-grrr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FHTX correlations · GRRR correlations
