FLNA vs MRT: Correlation
Filana Therapeutics, Inc. (FLNA) and Marti Technologies, Inc. Class A (MRT) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and MRT?
Across a 3-year window, the weekly returns of FLNA and MRT correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.16 versus -0.27 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -2530.5 %².
Among the 16 assets we track against FLNA, MRT ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRT outperformed by 51.6 percentage points (-60.0% for FLNA against -8.4% for MRT).
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 MRT: side by side
| FLNA (Filana Therapeutics, Inc.) | MRT (Marti Technologies, Inc. Class A) | |
|---|---|---|
| 1-year return | -60.0% | -8.4% |
| 5-year return | -98.3% | -76.5% |
| Volatility (ann.) | 115.4% | 81.0% |
| Beta vs S&P 500 | 0.88 | 0.38 |
| Max drawdown (3Y) | -97.5% | -65.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | MRT |
|---|---|---|
| 2022 | -32.4% | +3.1% |
| 2023 | -23.8% | -93.6% |
| 2024 | -89.5% | +421.5% |
| 2025 | -16.1% | -30.1% |
| 2026 | -53.4% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and MRT good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLNA and MRT?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.16 over the last year and -0.16 over 5 years.
Is MRT a good diversifier for FLNA?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/flna-vs-mrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flna-vs-mrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLNA correlations · MRT correlations
