FLNA vs NTRP: Correlation
Measured on weekly returns over the past three years, Filana Therapeutics, Inc. (FLNA) and NextTrip, Inc. (NTRP) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and NTRP?
Across a 3-year window, the weekly returns of FLNA and NTRP correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.13) runs above the 3-year figure (-0.28). Stretching to 5 years gives -0.18, with an annualized covariance of -4503.3 %².
By 3-year correlation, NTRP places #11 of the 16 assets tracked against FLNA. Twelve-month performance is nearly a tie, at -60.0% for FLNA and -61.8% for NTRP.
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 NTRP: side by side
| FLNA (Filana Therapeutics, Inc.) | NTRP (NextTrip, Inc.) | |
|---|---|---|
| 1-year return | -60.0% | -61.8% |
| 5-year return | -98.3% | -98.0% |
| Volatility (ann.) | 115.4% | 139.9% |
| Beta vs S&P 500 | 0.88 | 0.04 |
| Max drawdown (3Y) | -97.5% | -84.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | NTRP |
|---|---|---|
| 2022 | -32.4% | -78.3% |
| 2023 | -23.8% | -62.2% |
| 2024 | -89.5% | +99.5% |
| 2025 | -16.1% | -46.4% |
| 2026 | -53.4% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and NTRP good diversifiers for each other?
Yes. With a correlation of -0.28, FLNA and NTRP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLNA and NTRP?
As of 2026-08-27, the correlation of weekly returns between FLNA and NTRP is -0.28 over 3 years, -0.13 over 1 year and -0.18 over 5 years.
Is NTRP a good diversifier for FLNA?
Yes. With a correlation of -0.28, FLNA and NTRP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/flna-vs-ntrp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flna-vs-ntrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLNA correlations · NTRP correlations
