FLNC vs PLMR: Correlation
Fluence Energy, Inc. (FLNC) and Palomar Holdings, Inc. (PLMR) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNC and PLMR?
Across a 3-year window, the weekly returns of FLNC and PLMR correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -1120.2 %².
Out of 19 assets tracked against FLNC, PLMR lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months FLNC outperformed by 52.0 percentage points (+57.0% for FLNC against +5.0% for PLMR). Risk is not evenly split, since FLNC carries 3.0 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.
FLNC vs PLMR: side by side
| FLNC (Fluence Energy, Inc.) | PLMR (Palomar Holdings, Inc.) | |
|---|---|---|
| 1-year return | +57.0% | +5.0% |
| 5-year return | -67.3% | +44.4% |
| Volatility (ann.) | 109.2% | 35.9% |
| Beta vs S&P 500 | 2.11 | 0.34 |
| Max drawdown (3Y) | -86.9% | -42.3% |
| Market cap | $2.1B | $3.4B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNC | PLMR |
|---|---|---|
| 2022 | -51.8% | -30.3% |
| 2023 | +39.1% | +22.9% |
| 2024 | -33.4% | +90.3% |
| 2025 | +24.6% | +27.6% |
| 2026 | -42.2% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNC and PLMR good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLNC and PLMR?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.29 over the last year and -0.05 over 5 years.
Is PLMR a good diversifier for FLNC?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flnc-vs-plmr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flnc-vs-plmr/)
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Related comparisons
Hubs: FLNC correlations · PLMR correlations
