FRNM vs LSTA: Correlation
Freenome, Inc. (FRNM) and Lisata Therapeutics, Inc. (LSTA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and LSTA?
Across a 3-year window, the weekly returns of FRNM and LSTA correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.34 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 742.1 %².
By 3-year correlation, LSTA places #8 of the 34 assets tracked against FRNM. Their recent paths diverged sharply: over the last 12 months FRNM outperformed by 59.5 percentage points (+32.3% for FRNM against -27.2% for LSTA). One caveat on sizing: LSTA is 4.3 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 LSTA: side by side
| FRNM (Freenome, Inc.) | LSTA (Lisata Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +32.3% | -27.2% |
| 5-year return | n/a | -90.4% |
| Volatility (ann.) | 21.1% | 91.1% |
| Beta vs S&P 500 | 0.03 | 0.31 |
| Max drawdown (3Y) | -29.6% | -80.4% |
| 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 | LSTA |
|---|---|---|
| 2022 | – | -79.9% |
| 2023 | – | +7.9% |
| 2024 | – | +9.2% |
| 2025 | +28.0% | -37.6% |
| 2026 | +7.0% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and LSTA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRNM and LSTA?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.38 over the last year and n/a over 5 years.
Is LSTA a good diversifier for FRNM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: FRNM correlations · LSTA correlations
