LANV vs PBYI: Correlation
How closely do Lanvin Group Holdings Limited (LANV) and Puma Biotechnology Inc (PBYI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LANV and PBYI?
On 3 years of weekly data the LANV/PBYI correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.26). The 5-year figure is -0.12, and annualized covariance runs at -1290.3 %².
Within LANV's tracked universe of 52 assets, PBYI comes in at #45 by 3-year correlation. The last year tells two different stories: PBYI led by 131.7 percentage points, -50.5% for LANV against +81.2% for PBYI.
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.
LANV vs PBYI: side by side
| LANV (Lanvin Group Holdings Limited) | PBYI (Puma Biotechnology Inc) | |
|---|---|---|
| 1-year return | -50.5% | +81.2% |
| 5-year return | -89.7% | +21.4% |
| Volatility (ann.) | 69.7% | 70.9% |
| Beta vs S&P 500 | -0.15 | 0.91 |
| Max drawdown (3Y) | -78.6% | -69.6% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 18.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LANV | PBYI |
|---|---|---|
| 2022 | -6.1% | +39.1% |
| 2023 | -67.7% | +2.4% |
| 2024 | -31.9% | -29.6% |
| 2025 | +0.0% | +95.1% |
| 2026 | -50.2% | +55.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LANV and PBYI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LANV and PBYI?
The LANV/PBYI correlation stands at -0.26 on a 3-year window (1 year: -0.12, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is PBYI a good diversifier for LANV?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/lanv-vs-pbyi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lanv-vs-pbyi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LANV correlations · PBYI correlations
