FRMM vs TVGN: Correlation
How closely do Forum Markets, Incorporated (FRMM) and Tevogen Inc. (TVGN) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRMM and TVGN?
On 3 years of weekly data the FRMM/TVGN correlation comes out at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.64 over 3 years. The 5-year figure is 0.54, and annualized covariance runs at 35071.3 %².
TVGN is one of the assets that tracks FRMM most closely: it ranks #1 out of the 15 assets we track against FRMM. Neither side won the trailing year by much: -81.0% against -85.3%.
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 TVGN: side by side
| FRMM (Forum Markets, Incorporated) | TVGN (Tevogen Inc.) | |
|---|---|---|
| 1-year return | -81.0% | -85.3% |
| 5-year return | -100.0% | -98.6% |
| Volatility (ann.) | 228.0% | 242.2% |
| Beta vs S&P 500 | 2.29 | 0.66 |
| Max drawdown (3Y) | -98.9% | -99.3% |
| 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 | TVGN |
|---|---|---|
| 2022 | -95.7% | – |
| 2023 | -93.7% | +7.7% |
| 2024 | -55.2% | -90.7% |
| 2025 | -73.1% | -67.9% |
| 2026 | +15.5% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRMM and TVGN good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRMM and TVGN?
The FRMM/TVGN correlation stands at 0.64 on a 3-year window (1 year: 0.18, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is TVGN a good diversifier for FRMM?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/frmm-vs-tvgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frmm-vs-tvgn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRMM correlations · TVGN correlations
