FRNM vs PSIG: Correlation
Freenome, Inc. (FRNM) and PS International Group Ltd. (PSIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and PSIG?
On 3 years of weekly data the FRNM/PSIG correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.40 over 3. The 5-year figure is n/a, and annualized covariance runs at 1338.6 %².
Among the 34 assets we track against FRNM, PSIG ranks #5 by 3-year correlation. The last year tells two different stories: FRNM led by 86.2 percentage points, +32.3% for FRNM against -53.9% for PSIG. Note the risk asymmetry: PSIG runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PSIG: side by side
| FRNM (Freenome, Inc.) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | +32.3% | -53.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 21.1% | 157.0% |
| Beta vs S&P 500 | 0.03 | 0.97 |
| Max drawdown (3Y) | -29.6% | -96.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are FRNM and PSIG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRNM and PSIG?
As of 2026-08-27, the correlation of weekly returns between FRNM and PSIG is 0.40 over 3 years, 0.49 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for FRNM?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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 · PSIG correlations
