FSEA vs PHAR: Correlation
Measured on weekly returns over the past three years, First Seacoast Bancorp, Inc. (FSEA) and Pharming Group N.V. (PHAR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and PHAR?
Over the past 3 years, FSEA and PHAR moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.24). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -415.4 %².
Within FSEA's tracked universe of 47 assets, PHAR comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 64.6 percentage points (+48.9% for FSEA against -15.7% for PHAR). One caveat on sizing: PHAR is 1.6 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.
FSEA vs PHAR: side by side
| FSEA (First Seacoast Bancorp, Inc.) | PHAR (Pharming Group N.V.) | |
|---|---|---|
| 1-year return | +48.9% | -15.7% |
| 5-year return | +44.2% | +11.7% |
| Volatility (ann.) | 33.2% | 52.7% |
| Beta vs S&P 500 | 0.19 | 0.52 |
| Max drawdown (3Y) | -21.5% | -57.3% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 84.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | PHAR |
|---|---|---|
| 2022 | -10.5% | +23.4% |
| 2023 | -32.7% | +3.6% |
| 2024 | +30.6% | -11.9% |
| 2025 | +31.5% | +75.6% |
| 2026 | +29.7% | -33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and PHAR good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FSEA and PHAR?
The FSEA/PHAR correlation stands at -0.24 on a 3-year window (1 year: -0.47, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is PHAR a good diversifier for FSEA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/fsea-vs-phar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsea-vs-phar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSEA correlations · PHAR correlations
