FLNA vs UMAC: Correlation
Measured on weekly returns over the past three years, Filana Therapeutics, Inc. (FLNA) and Unusual Machines, Inc. (UMAC) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNA and UMAC?
On 3 years of weekly data the FLNA/UMAC correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus -0.32 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -9285.8 %².
Among the 16 assets we track against FLNA, UMAC sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months UMAC outperformed by 217.1 percentage points (-60.0% for FLNA against +157.1% for UMAC). Note the risk asymmetry: UMAC runs 2.2 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 UMAC: side by side
| FLNA (Filana Therapeutics, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | -60.0% | +157.1% |
| 5-year return | -98.3% | n/a |
| Volatility (ann.) | 115.4% | 248.9% |
| Beta vs S&P 500 | 0.88 | 3.43 |
| Max drawdown (3Y) | -97.5% | -75.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNA | UMAC |
|---|---|---|
| 2022 | -32.4% | – |
| 2023 | -23.8% | – |
| 2024 | -89.5% | – |
| 2025 | -16.1% | -24.3% |
| 2026 | -53.4% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNA and UMAC good diversifiers for each other?
Yes. With a correlation of -0.32, FLNA and UMAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLNA and UMAC?
The FLNA/UMAC correlation stands at -0.32 on a 3-year window (1 year: 0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UMAC a good diversifier for FLNA?
Yes. With a correlation of -0.32, FLNA and UMAC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flna-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLNA correlations · UMAC correlations
