APGE vs LTRN: Correlation
How closely do Apogee Therapeutics, Inc. (APGE) and Lantern Pharma Inc. (LTRN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APGE and LTRN?
On 3 years of weekly data the APGE/LTRN correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.45). The 5-year figure is n/a, and annualized covariance runs at 3938.2 %².
Among the 14 assets we track against APGE, LTRN ranks #8 by 3-year correlation. The last year tells two different stories: APGE led by 303.8 percentage points, +257.1% for APGE against -46.7% for LTRN.
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.
APGE vs LTRN: side by side
| APGE (Apogee Therapeutics, Inc.) | LTRN (Lantern Pharma Inc.) | |
|---|---|---|
| 1-year return | +257.1% | -46.7% |
| 5-year return | n/a | -84.2% |
| Volatility (ann.) | 82.6% | 104.8% |
| Beta vs S&P 500 | 1.06 | 2.39 |
| Max drawdown (3Y) | -58.8% | -89.5% |
| Market cap | $10.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APGE | LTRN |
|---|---|---|
| 2022 | – | -24.3% |
| 2023 | – | -29.1% |
| 2024 | +62.1% | -25.5% |
| 2025 | +66.6% | -5.0% |
| 2026 | +78.8% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APGE and LTRN good diversifiers for each other?
Reasonably. At 0.45, APGE and LTRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APGE and LTRN?
The APGE/LTRN correlation stands at 0.45 on a 3-year window (1 year: 0.07, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LTRN a good diversifier for APGE?
Reasonably. At 0.45, APGE and LTRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
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Related comparisons
Hubs: APGE correlations · LTRN correlations
