OLMA vs SLMT: Correlation
How closely do Olema Pharmaceuticals, Inc. (OLMA) and Brera Holdings PLC - Class B (SLMT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLMA and SLMT?
On 3 years of weekly data the OLMA/SLMT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.21 over 3. The 5-year figure is n/a, and annualized covariance runs at -3853.9 %².
Among the 16 assets we track against OLMA, SLMT sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months OLMA outperformed by 180.7 percentage points (+88.0% for OLMA against -92.7% for SLMT).
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.
OLMA vs SLMT: side by side
| OLMA (Olema Pharmaceuticals, Inc.) | SLMT (Brera Holdings PLC - Class B) | |
|---|---|---|
| 1-year return | +88.0% | -92.7% |
| 5-year return | -64.1% | n/a |
| Volatility (ann.) | 133.2% | 139.8% |
| Beta vs S&P 500 | 1.18 | 1.66 |
| Max drawdown (3Y) | -82.1% | -98.8% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLMA | SLMT |
|---|---|---|
| 2022 | -73.8% | – |
| 2023 | +472.7% | – |
| 2024 | -58.4% | +25.5% |
| 2025 | +328.8% | -77.3% |
| 2026 | -56.8% | -75.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLMA and SLMT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OLMA and SLMT?
The OLMA/SLMT correlation stands at -0.21 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SLMT a good diversifier for OLMA?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OLMA correlations · SLMT correlations
