AISP vs LTRN: Correlation
Airship AI Holdings, Inc (AISP) and Lantern Pharma Inc. (LTRN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and LTRN?
On 3 years of weekly data the AISP/LTRN correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.53). The 5-year figure is 0.49, and annualized covariance runs at 12974.0 %².
Within AISP's tracked universe of 29 assets, LTRN comes in at #5 by 3-year correlation. On 12-month performance LTRN holds a 6.3-point edge, -53.0% against -46.7%. One caveat on sizing: AISP is 2.2 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.
AISP vs LTRN: side by side
| AISP (Airship AI Holdings, Inc) | LTRN (Lantern Pharma Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -46.7% |
| 5-year return | -77.4% | -84.2% |
| Volatility (ann.) | 233.1% | 104.8% |
| Beta vs S&P 500 | 1.24 | 2.39 |
| Max drawdown (3Y) | -87.4% | -89.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | LTRN |
|---|---|---|
| 2022 | +3.0% | -24.3% |
| 2023 | -83.1% | -29.1% |
| 2024 | +268.2% | -25.5% |
| 2025 | -53.8% | -5.0% |
| 2026 | -24.6% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and LTRN good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AISP and LTRN?
As of 2026-08-27, the correlation of weekly returns between AISP and LTRN is 0.53 over 3 years, 0.18 over 1 year and 0.49 over 5 years.
Is LTRN a good diversifier for AISP?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/aisp-vs-ltrn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aisp-vs-ltrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · LTRN correlations
