FMST vs LOBO: Correlation
Foremost Clean Energy Ltd. (FMST) and LOBO TECHNOLOGIES LTD. - Class A (LOBO) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMST and LOBO?
Over the past 3 years, FMST and LOBO moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4472.5 %².
Among the 12 assets we track against FMST, LOBO ranks #6 by 3-year correlation. The last year tells two different stories: LOBO led by 90.2 percentage points, -62.5% for FMST against +27.7% for LOBO.
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 LOBO: side by side
| FMST (Foremost Clean Energy Ltd.) | LOBO (LOBO TECHNOLOGIES LTD. - Class A) | |
|---|---|---|
| 1-year return | -62.5% | +27.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 118.7% | 111.5% |
| Beta vs S&P 500 | 2.68 | 0.55 |
| Max drawdown (3Y) | -86.7% | -92.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMST | LOBO |
|---|---|---|
| 2024 | -44.8% | – |
| 2025 | +53.6% | -66.0% |
| 2026 | -44.8% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMST and LOBO good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FMST and LOBO?
As of 2026-08-27, the correlation of weekly returns between FMST and LOBO is 0.33 over 3 years, 0.42 over 1 year and n/a over 5 years.
Is LOBO a good diversifier for FMST?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/fmst-vs-lobo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fmst-vs-lobo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMST correlations · LOBO correlations
