FLNA vs SLXN: Correlation
How closely do Filana Therapeutics, Inc. (FLNA) and Silexion Therapeutics Corp (SLXN) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and SLXN?
Across a 3-year window, the weekly returns of FLNA and SLXN correlate at -0.39, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (-0.39). Stretching to 5 years gives -0.30, with an annualized covariance of -22374.8 %².
SLXN is close to the least connected end of FLNA's tracked universe, ranking #14 of 16. Their recent paths diverged sharply: over the last 12 months FLNA outperformed by 39.5 percentage points (-60.0% for FLNA against -99.5% for SLXN). Risk is not evenly split, since SLXN carries 4.3 times the volatility of the other side.
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 SLXN: side by side
| FLNA (Filana Therapeutics, Inc.) | SLXN (Silexion Therapeutics Corp) | |
|---|---|---|
| 1-year return | -60.0% | -99.5% |
| 5-year return | -98.3% | -100.0% |
| Volatility (ann.) | 115.4% | 498.2% |
| Beta vs S&P 500 | 0.88 | 1.29 |
| Max drawdown (3Y) | -97.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | SLXN |
|---|---|---|
| 2022 | -32.4% | +4.0% |
| 2023 | -23.8% | +7.7% |
| 2024 | -89.5% | -81.5% |
| 2025 | -16.1% | -93.6% |
| 2026 | -53.4% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and SLXN good diversifiers for each other?
Yes. With a correlation of -0.39, FLNA and SLXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLNA and SLXN?
The FLNA/SLXN correlation stands at -0.39 on a 3-year window (1 year: 0.37, 5 years: -0.30), computed from weekly returns as of 2026-08-27.
Is SLXN a good diversifier for FLNA?
Yes. With a correlation of -0.39, FLNA and SLXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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-slxn.json
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Related comparisons
Hubs: FLNA correlations · SLXN correlations
