HAFC vs PMN: Correlation
Hanmi Financial Corporation (HAFC) and ProMIS Neurosciences Inc. (PMN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFC and PMN?
Across a 3-year window, the weekly returns of HAFC and PMN correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.13, with an annualized covariance of -757.6 %².
Among the 13 assets we track against HAFC, PMN sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months HAFC outperformed by 21.7 percentage points (+27.3% for HAFC against +5.6% for PMN). Risk is not evenly split, since PMN carries 3.8 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.
HAFC vs PMN: side by side
| HAFC (Hanmi Financial Corporation) | PMN (ProMIS Neurosciences Inc.) | |
|---|---|---|
| 1-year return | +27.3% | +5.6% |
| 5-year return | +104.5% | -94.2% |
| Volatility (ann.) | 32.5% | 122.6% |
| Beta vs S&P 500 | 0.90 | 0.45 |
| Max drawdown (3Y) | -26.9% | -90.4% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 3.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFC | PMN |
|---|---|---|
| 2022 | +8.5% | -34.2% |
| 2023 | -17.0% | -73.5% |
| 2024 | +28.7% | -17.4% |
| 2025 | +19.7% | -71.2% |
| 2026 | +18.5% | +104.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFC and PMN good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HAFC and PMN?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.21 over the last year and -0.13 over 5 years.
Is PMN a good diversifier for HAFC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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
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Related comparisons
Hubs: HAFC correlations · PMN correlations
