FLNA vs GMM: Correlation
Filana Therapeutics, Inc. (FLNA) and Global Mofy AI Limited - Class A (GMM) show a negative relationship: their 3-year correlation of weekly returns is -0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and GMM?
Across a 3-year window, the weekly returns of FLNA and GMM correlate at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.41). Stretching to 5 years gives n/a, with an annualized covariance of -52214.0 %².
Among the 16 assets we track against FLNA, GMM sits near the bottom by co-movement, at rank #15. The last year tells two different stories: FLNA led by 37.5 percentage points, -60.0% for FLNA against -97.5% for GMM. One caveat on sizing: GMM is 9.5 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.
FLNA vs GMM: side by side
| FLNA (Filana Therapeutics, Inc.) | GMM (Global Mofy AI Limited - Class A) | |
|---|---|---|
| 1-year return | -60.0% | -97.5% |
| 5-year return | -98.3% | n/a |
| Volatility (ann.) | 115.4% | 1098.3% |
| Beta vs S&P 500 | 0.88 | 2.95 |
| Max drawdown (3Y) | -97.5% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | GMM |
|---|---|---|
| 2022 | -32.4% | – |
| 2023 | -23.8% | – |
| 2024 | -89.5% | -30.5% |
| 2025 | -16.1% | -69.6% |
| 2026 | -53.4% | -95.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and GMM good diversifiers for each other?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLNA and GMM?
As of 2026-08-27, the correlation of weekly returns between FLNA and GMM is -0.41 over 3 years, -0.10 over 1 year and n/a over 5 years.
Is GMM a good diversifier for FLNA?
Yes: at -0.41, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.41 mean?
On the −1 to +1 scale, -0.41 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.
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Related comparisons
Hubs: FLNA correlations · GMM correlations
