FTHM vs TBN: Correlation
How closely do Fathom Holdings Inc. (FTHM) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTHM and TBN?
Across a 3-year window, the weekly returns of FTHM and TBN correlate at -0.30, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -2305.2 %².
Among the 16 assets we track against FTHM, TBN sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months TBN outperformed by 148.0 percentage points (-61.3% for FTHM against +86.7% for TBN). Risk is not evenly split, since FTHM carries 2.5 times the volatility of the other side.
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.
FTHM vs TBN: side by side
| FTHM (Fathom Holdings Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -61.3% | +86.7% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 130.4% | 52.6% |
| Beta vs S&P 500 | 2.16 | -0.08 |
| Max drawdown (3Y) | -93.5% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTHM | TBN |
|---|---|---|
| 2022 | -79.2% | – |
| 2023 | -15.5% | – |
| 2024 | -57.4% | – |
| 2025 | -34.0% | +29.7% |
| 2026 | -34.0% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTHM and TBN good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTHM and TBN?
The FTHM/TBN correlation stands at -0.30 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TBN a good diversifier for FTHM?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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: FTHM correlations · TBN correlations
