FRMM vs LTBR: Correlation
Forum Markets, Incorporated (FRMM) and Lightbridge Corporation (LTBR) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRMM and LTBR?
On 3 years of weekly data the FRMM/LTBR correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.56). The 5-year figure is 0.41, and annualized covariance runs at 14252.3 %².
In FRMM's tracked universe of 15 assets, LTBR sits right near the top at #3. Correlation aside, the last 12 months split them widely, with LTBR ahead by 33.4 points (-81.0% versus -47.6%). Risk is not evenly split, since FRMM carries 2.0 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.
FRMM vs LTBR: side by side
| FRMM (Forum Markets, Incorporated) | LTBR (Lightbridge Corporation) | |
|---|---|---|
| 1-year return | -81.0% | -47.6% |
| 5-year return | -100.0% | +32.0% |
| Volatility (ann.) | 228.0% | 111.3% |
| Beta vs S&P 500 | 2.29 | 2.17 |
| Max drawdown (3Y) | -98.9% | -74.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRMM | LTBR |
|---|---|---|
| 2022 | -95.7% | -41.3% |
| 2023 | -93.7% | -17.5% |
| 2024 | -55.2% | +47.4% |
| 2025 | -73.1% | +167.2% |
| 2026 | +15.5% | -35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRMM and LTBR good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRMM and LTBR?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.33 over the last year and 0.41 over 5 years.
Is LTBR a good diversifier for FRMM?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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-ltbr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frmm-vs-ltbr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRMM correlations · LTBR correlations
