ANIK vs LRMR: Correlation
Anika Therapeutics Inc. (ANIK) and Larimar Therapeutics, Inc. (LRMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIK and LRMR?
On 3 years of weekly data the ANIK/LRMR correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 2080.4 %².
LRMR is one of the assets that tracks ANIK most closely: it ranks #3 out of the 11 assets we track against ANIK. Correlation aside, the last 12 months split them widely, with ANIK ahead by 123.2 points (+127.0% versus +3.8%). One caveat on sizing: LRMR 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.
ANIK vs LRMR: side by side
| ANIK (Anika Therapeutics Inc.) | LRMR (Larimar Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +127.0% | +3.8% |
| 5-year return | -51.5% | -71.6% |
| Volatility (ann.) | 46.8% | 101.9% |
| Beta vs S&P 500 | 0.89 | 1.81 |
| Max drawdown (3Y) | -71.8% | -87.1% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIK | LRMR |
|---|---|---|
| 2022 | -17.4% | -61.7% |
| 2023 | -23.4% | +10.2% |
| 2024 | -27.4% | -14.9% |
| 2025 | -41.6% | -1.6% |
| 2026 | +116.9% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIK and LRMR good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANIK and LRMR?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.53 over the last year and 0.31 over 5 years.
Is LRMR a good diversifier for ANIK?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/anik-vs-lrmr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anik-vs-lrmr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANIK correlations · LRMR correlations
