FMAO vs KLTR: Correlation
Measured on weekly returns over the past three years, Farmers & Merchants Bancorp, Inc. (FMAO) and Kaltura, Inc. (KLTR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMAO and KLTR?
Across a 3-year window, the weekly returns of FMAO and KLTR correlate at 0.46, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.46). Stretching to 5 years gives 0.25, with an annualized covariance of 1161.1 %².
Among the 19 assets we track against FMAO, KLTR ranks #13 by 3-year correlation. The last year tells two different stories: FMAO led by 30.8 percentage points, +31.4% for FMAO against +0.6% for KLTR. Note the risk asymmetry: KLTR runs 1.9 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.
FMAO vs KLTR: side by side
| FMAO (Farmers & Merchants Bancorp, Inc.) | KLTR (Kaltura, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | +0.6% |
| 5-year return | +78.8% | -86.7% |
| Volatility (ann.) | 36.2% | 69.9% |
| Beta vs S&P 500 | 0.90 | 1.87 |
| Max drawdown (3Y) | -35.0% | -61.2% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.72% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMAO | KLTR |
|---|---|---|
| 2022 | -14.9% | -49.0% |
| 2023 | -5.3% | +13.4% |
| 2024 | +23.1% | +12.8% |
| 2025 | -13.0% | -25.5% |
| 2026 | +39.4% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMAO and KLTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FMAO and KLTR?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.04 over the last year and 0.25 over 5 years.
Is KLTR a good diversifier for FMAO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FMAO correlations · KLTR correlations
