INSM vs LPA: Correlation
How closely do Insmed Incorporated (INSM) and Logistic Properties of the Americas (LPA) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSM and LPA?
Across a 3-year window, the weekly returns of INSM and LPA correlate at 0.85, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (-0.10) than the 3-year average (0.85). Stretching to 5 years gives n/a, with an annualized covariance of 50667.4 %².
In INSM's tracked universe of 11 assets, LPA sits right near the top at #1. The last year tells two different stories: INSM led by 42.5 percentage points, -9.8% for INSM against -52.3% for LPA. Risk is not evenly split, since LPA carries 5.4 times the volatility of the other side.
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.
INSM vs LPA: side by side
| INSM (Insmed Incorporated) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | -9.8% | -52.3% |
| 5-year return | +339.0% | n/a |
| Volatility (ann.) | 100.1% | 540.6% |
| Beta vs S&P 500 | 0.74 | -0.73 |
| Max drawdown (3Y) | -56.5% | -99.1% |
| Market cap | $26.5B | $0.1B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INSM | LPA |
|---|---|---|
| 2022 | -26.7% | – |
| 2023 | +55.1% | – |
| 2024 | +122.8% | – |
| 2025 | +152.1% | -74.5% |
| 2026 | -30.3% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSM and LPA good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between INSM and LPA?
The INSM/LPA correlation stands at 0.85 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LPA a good diversifier for INSM?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/insm-vs-lpa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/insm-vs-lpa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INSM correlations · LPA correlations
