BYSI vs LTRN: Correlation
How closely do BeyondSpring, Inc. (BYSI) and Lantern Pharma Inc. (LTRN) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYSI and LTRN?
Over the past 3 years, BYSI and LTRN moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.37). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 3880.4 %².
Within BYSI's tracked universe of 12 assets, LTRN comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LTRN outperformed by 18.1 percentage points (-64.8% for BYSI 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.
BYSI vs LTRN: side by side
| BYSI (BeyondSpring, Inc.) | LTRN (Lantern Pharma Inc.) | |
|---|---|---|
| 1-year return | -64.8% | -46.7% |
| 5-year return | -97.7% | -84.2% |
| Volatility (ann.) | 101.3% | 104.8% |
| Beta vs S&P 500 | 0.29 | 2.39 |
| Max drawdown (3Y) | -82.4% | -89.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYSI | LTRN |
|---|---|---|
| 2022 | -58.5% | -24.3% |
| 2023 | -52.1% | -29.1% |
| 2024 | +81.1% | -25.5% |
| 2025 | +0.0% | -5.0% |
| 2026 | -60.7% | -28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYSI and LTRN good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BYSI and LTRN?
As of 2026-08-27, the correlation of weekly returns between BYSI and LTRN is 0.37 over 3 years, 0.12 over 1 year and 0.25 over 5 years.
Is LTRN a good diversifier for BYSI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/bysi-vs-ltrn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bysi-vs-ltrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYSI correlations · LTRN correlations
