FRNM vs GURE: Correlation
How closely do Freenome, Inc. (FRNM) and Gulf Resources, Inc. (GURE) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and GURE?
On 3 years of weekly data the FRNM/GURE correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. The 5-year figure is n/a, and annualized covariance runs at 1251.1 %².
Among the 34 assets we track against FRNM, GURE ranks #6 by 3-year correlation. The last year tells two different stories: FRNM led by 84.8 percentage points, +32.3% for FRNM against -52.5% for GURE. One caveat on sizing: GURE is 6.5 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.
FRNM vs GURE: side by side
| FRNM (Freenome, Inc.) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | +32.3% | -52.5% |
| 5-year return | n/a | -92.1% |
| Volatility (ann.) | 21.1% | 137.7% |
| Beta vs S&P 500 | 0.03 | -0.30 |
| Max drawdown (3Y) | -29.6% | -88.1% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRNM | GURE |
|---|---|---|
| 2022 | – | -28.6% |
| 2023 | – | -46.6% |
| 2024 | – | -65.5% |
| 2025 | +28.0% | -35.1% |
| 2026 | +7.0% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and GURE good diversifiers for each other?
Reasonably. At 0.38, FRNM and GURE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRNM and GURE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.40 over the last year and n/a over 5 years.
Is GURE a good diversifier for FRNM?
Reasonably. At 0.38, FRNM and GURE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/frnm-vs-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frnm-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRNM correlations · GURE correlations
