FNUC vs SLGL: Correlation
Measured on weekly returns over the past three years, Frontier Nuclear and Minerals Inc. (FNUC) and Sol-Gel Technologies Ltd. (SLGL) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNUC and SLGL?
On 3 years of weekly data the FNUC/SLGL correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.59). The 5-year figure is 0.54, and annualized covariance runs at 18256.9 %².
By 3-year correlation, SLGL places #8 of the 26 assets tracked against FNUC. Correlation aside, the last 12 months split them widely, with SLGL ahead by 289.7 points (-59.1% versus +230.6%). Risk is not evenly split, since FNUC carries 1.8 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.
FNUC vs SLGL: side by side
| FNUC (Frontier Nuclear and Minerals Inc.) | SLGL (Sol-Gel Technologies Ltd.) | |
|---|---|---|
| 1-year return | -59.1% | +230.6% |
| 5-year return | -99.0% | -25.1% |
| Volatility (ann.) | 237.4% | 130.8% |
| Beta vs S&P 500 | 1.55 | 1.42 |
| Max drawdown (3Y) | -94.2% | -86.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNUC | SLGL |
|---|---|---|
| 2022 | -60.4% | -38.4% |
| 2023 | -48.7% | -75.8% |
| 2024 | -17.9% | -15.8% |
| 2025 | -76.0% | +353.1% |
| 2026 | -43.3% | +72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNUC and SLGL good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FNUC and SLGL?
As of 2026-08-27, the correlation of weekly returns between FNUC and SLGL is 0.59 over 3 years, 0.17 over 1 year and 0.54 over 5 years.
Is SLGL a good diversifier for FNUC?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/fnuc-vs-slgl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnuc-vs-slgl/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: FNUC correlations · SLGL correlations
