APP vs LNTH: Correlation
How closely do AppLovin (APP) and Lantheus Holdings, Inc. (LNTH) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and LNTH?
On 3 years of weekly data the APP/LNTH correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.19). The 5-year figure is -0.07, and annualized covariance runs at -925.0 %².
By 3-year correlation, LNTH places #35 of the 44 assets tracked against APP. Their recent paths diverged sharply: over the last 12 months LNTH outperformed by 109.3 percentage points (-32.5% for APP against +76.8% for LNTH).
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.
APP vs LNTH: side by side
| APP (AppLovin) | LNTH (Lantheus Holdings, Inc.) | |
|---|---|---|
| 1-year return | -32.5% | +76.8% |
| 5-year return | +326.5% | +286.9% |
| Volatility (ann.) | 84.3% | 57.5% |
| Beta vs S&P 500 | 3.10 | 0.44 |
| Max drawdown (3Y) | -59.3% | -59.5% |
| Market cap | $105.0B | $6.6B |
| P/E (trailing) | 23.7 | 24.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | APP | LNTH |
|---|---|---|
| 2022 | -88.8% | +76.4% |
| 2023 | +278.4% | +21.7% |
| 2024 | +712.6% | +44.3% |
| 2025 | +108.1% | -25.6% |
| 2026 | -53.6% | +51.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and LNTH good diversifiers for each other?
Yes. With a correlation of -0.19, APP and LNTH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APP and LNTH?
As of 2026-08-27, the correlation of weekly returns between APP and LNTH is -0.19 over 3 years, 0.01 over 1 year and -0.07 over 5 years.
Is LNTH a good diversifier for APP?
Yes. With a correlation of -0.19, APP and LNTH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/app-vs-lnth.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/app-vs-lnth/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APP correlations · LNTH correlations
