FRMM vs GRI: Correlation
Measured on weekly returns over the past three years, Forum Markets, Incorporated (FRMM) and GRI Bio, Inc. (GRI) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRMM and GRI?
Over the past 3 years, FRMM and GRI moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 9063.5 %².
Within FRMM's tracked universe of 15 assets, GRI comes in at #10 by 3-year correlation. On 12-month performance FRMM holds a 13.8-point edge, -81.0% against -94.8%. One caveat on sizing: FRMM is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FRMM vs GRI: side by side
| FRMM (Forum Markets, Incorporated) | GRI (GRI Bio, Inc.) | |
|---|---|---|
| 1-year return | -81.0% | -94.8% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 228.0% | 125.8% |
| Beta vs S&P 500 | 2.29 | 1.92 |
| Max drawdown (3Y) | -98.9% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRMM | GRI |
|---|---|---|
| 2022 | -95.7% | -95.2% |
| 2023 | -93.7% | -95.6% |
| 2024 | -55.2% | -97.6% |
| 2025 | -73.1% | -98.2% |
| 2026 | +15.5% | -70.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRMM and GRI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRMM and GRI?
As of 2026-08-27, the correlation of weekly returns between FRMM and GRI is 0.32 over 3 years, 0.22 over 1 year and 0.20 over 5 years.
Is GRI a good diversifier for FRMM?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frmm-vs-gri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frmm-vs-gri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRMM correlations · GRI correlations
