PEW vs PMN: Correlation
GrabAGun Digital Holdings Inc. (PEW) and ProMIS Neurosciences Inc. (PMN) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEW and PMN?
On 3 years of weekly data the PEW/PMN correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.31). The 5-year figure is n/a, and annualized covariance runs at -1857.1 %².
Among the 24 assets we track against PEW, PMN sits near the bottom by co-movement, at rank #20. Correlation aside, the last 12 months split them widely, with PMN ahead by 62.7 points (-57.1% versus +5.6%). Risk is not evenly split, since PMN carries 2.4 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.
PEW vs PMN: side by side
| PEW (GrabAGun Digital Holdings Inc.) | PMN (ProMIS Neurosciences Inc.) | |
|---|---|---|
| 1-year return | -57.1% | +5.6% |
| 5-year return | n/a | -94.2% |
| Volatility (ann.) | 51.2% | 122.6% |
| Beta vs S&P 500 | 0.44 | 0.45 |
| Max drawdown (3Y) | -86.8% | -90.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEW | PMN |
|---|---|---|
| 2022 | – | -34.2% |
| 2023 | – | -73.5% |
| 2024 | – | -17.4% |
| 2025 | -74.4% | -71.2% |
| 2026 | -21.6% | +104.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEW and PMN good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEW and PMN?
As of 2026-08-27, the correlation of weekly returns between PEW and PMN is -0.31 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is PMN a good diversifier for PEW?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pew-vs-pmn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pew-vs-pmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEW correlations · PMN correlations
