FMST vs HUMA: Correlation
Foremost Clean Energy Ltd. (FMST) and Humacyte, Inc. (HUMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMST and HUMA?
Over the past 3 years, FMST and HUMA moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.40 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4885.1 %².
By 3-year correlation, HUMA places #4 of the 12 assets tracked against FMST. On 12-month performance HUMA holds a 7.8-point edge, -62.5% against -54.7%.
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.
FMST vs HUMA: side by side
| FMST (Foremost Clean Energy Ltd.) | HUMA (Humacyte, Inc.) | |
|---|---|---|
| 1-year return | -62.5% | -54.7% |
| 5-year return | n/a | -94.8% |
| Volatility (ann.) | 118.7% | 103.1% |
| Beta vs S&P 500 | 2.68 | 2.71 |
| Max drawdown (3Y) | -86.7% | -94.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMST | HUMA |
|---|---|---|
| 2022 | – | -70.9% |
| 2023 | – | +34.6% |
| 2024 | -44.8% | +77.8% |
| 2025 | +53.6% | -81.0% |
| 2026 | -44.8% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMST and HUMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FMST and HUMA?
As of 2026-08-27, the correlation of weekly returns between FMST and HUMA is 0.40 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is HUMA a good diversifier for FMST?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/fmst-vs-huma.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmst-vs-huma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMST correlations · HUMA correlations
