FLNA vs PVLA: Correlation
How closely do Filana Therapeutics, Inc. (FLNA) and Palvella Therapeutics, Inc. (PVLA) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and PVLA?
Across a 3-year window, the weekly returns of FLNA and PVLA correlate at 0.28, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.28 over 3. Stretching to 5 years gives 0.19, with an annualized covariance of 3436.6 %².
Among the 16 assets we track against FLNA, PVLA ranks #5 by 3-year correlation. The last year tells two different stories: PVLA led by 226.3 percentage points, -60.0% for FLNA against +166.3% for PVLA.
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 PVLA: side by side
| FLNA (Filana Therapeutics, Inc.) | PVLA (Palvella Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -60.0% | +166.3% |
| 5-year return | -98.3% | -62.3% |
| Volatility (ann.) | 115.4% | 105.3% |
| Beta vs S&P 500 | 0.88 | 0.24 |
| Max drawdown (3Y) | -97.5% | -77.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | PVLA |
|---|---|---|
| 2022 | -32.4% | -72.5% |
| 2023 | -23.8% | -82.5% |
| 2024 | -89.5% | -17.6% |
| 2025 | -16.1% | +772.2% |
| 2026 | -53.4% | +43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and PVLA good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLNA and PVLA?
As of 2026-08-27, the correlation of weekly returns between FLNA and PVLA is 0.28 over 3 years, 0.24 over 1 year and 0.19 over 5 years.
Is PVLA a good diversifier for FLNA?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-pvla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flna-vs-pvla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLNA correlations · PVLA correlations
