ALLO vs LRMR: Correlation
Allogene Therapeutics, Inc. (ALLO) and Larimar Therapeutics, Inc. (LRMR) 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 ALLO and LRMR?
On 3 years of weekly data the ALLO/LRMR correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 4464.3 %².
Among the 21 assets we track against ALLO, LRMR ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLO outperformed by 76.4 percentage points (+80.2% for ALLO against +3.8% for LRMR).
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.
ALLO vs LRMR: side by side
| ALLO (Allogene Therapeutics, Inc.) | LRMR (Larimar Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +3.8% |
| 5-year return | -91.3% | -71.6% |
| Volatility (ann.) | 83.3% | 101.9% |
| Beta vs S&P 500 | 1.96 | 1.81 |
| Max drawdown (3Y) | -83.1% | -87.1% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | LRMR |
|---|---|---|
| 2022 | -57.8% | -61.7% |
| 2023 | -49.0% | +10.2% |
| 2024 | -33.6% | -14.9% |
| 2025 | -35.7% | -1.6% |
| 2026 | +52.6% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and LRMR good diversifiers for each other?
Only partially. A correlation of 0.53 means ALLO and LRMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALLO and LRMR?
As of 2026-08-27, the correlation of weekly returns between ALLO and LRMR is 0.53 over 3 years, 0.51 over 1 year and 0.37 over 5 years.
Is LRMR a good diversifier for ALLO?
Only partially. A correlation of 0.53 means ALLO and LRMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/allo-vs-lrmr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allo-vs-lrmr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALLO correlations · LRMR correlations
