LMAT vs TPST: Correlation
How closely do LeMaitre Vascular, Inc. (LMAT) and Tempest Therapeutics, Inc. (TPST) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMAT and TPST?
Over the past 3 years, LMAT and TPST moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.30 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -8110.2 %².
TPST is close to the least connected end of LMAT's tracked universe, ranking #13 of 14. Correlation aside, the last 12 months split them widely, with LMAT ahead by 74.1 points (-15.9% versus -90.0%). Risk is not evenly split, since TPST carries 22.4 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.
LMAT vs TPST: side by side
| LMAT (LeMaitre Vascular, Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -15.9% | -90.0% |
| 5-year return | +47.2% | -99.4% |
| Volatility (ann.) | 35.0% | 782.8% |
| Beta vs S&P 500 | 0.57 | 1.97 |
| Max drawdown (3Y) | -32.5% | -99.3% |
| Market cap | $1.8B | – |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMAT | TPST |
|---|---|---|
| 2022 | -7.4% | -78.2% |
| 2023 | +24.6% | +282.6% |
| 2024 | +63.6% | -81.0% |
| 2025 | -11.2% | -73.6% |
| 2026 | -1.0% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMAT and TPST good diversifiers for each other?
Yes. With a correlation of -0.30, LMAT and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LMAT and TPST?
The LMAT/TPST correlation stands at -0.30 on a 3-year window (1 year: 0.05, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for LMAT?
Yes. With a correlation of -0.30, LMAT and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 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.
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Related comparisons
Hubs: LMAT correlations · TPST correlations
