FLNA vs MF: Correlation
How closely do Filana Therapeutics, Inc. (FLNA) and MindForge Inc. - Class A (MF) trade together? Their weekly returns over three years give a correlation of -0.43, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and MF?
On 3 years of weekly data the FLNA/MF correlation comes out at -0.43, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.43). The 5-year figure is n/a, and annualized covariance runs at -42363.1 %².
Among the 16 assets we track against FLNA, MF sits near the bottom by co-movement, at rank #16. On 12-month performance FLNA holds a 11.6-point edge, -60.0% against -71.6%. Note the risk asymmetry: MF runs 7.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MF: side by side
| FLNA (Filana Therapeutics, Inc.) | MF (MindForge Inc. - Class A) | |
|---|---|---|
| 1-year return | -60.0% | -71.6% |
| 5-year return | -98.3% | n/a |
| Volatility (ann.) | 115.4% | 830.3% |
| Beta vs S&P 500 | 0.88 | 3.38 |
| 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 | MF |
|---|---|---|
| 2022 | -32.4% | – |
| 2023 | -23.8% | – |
| 2024 | -89.5% | – |
| 2025 | -16.1% | -40.7% |
| 2026 | -53.4% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and MF good diversifiers for each other?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLNA and MF?
The FLNA/MF correlation stands at -0.43 on a 3-year window (1 year: 0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MF a good diversifier for FLNA?
By historical standards, yes. A correlation of -0.43 means the two rarely move for the same reasons.
What does a correlation of -0.43 mean?
On the −1 to +1 scale, -0.43 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/flna-vs-mf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flna-vs-mf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLNA correlations · MF correlations
