LNTH vs MWG: Correlation
How closely do Lantheus Holdings, Inc. (LNTH) and Multi Ways Holdings Limited Class A (MWG) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNTH and MWG?
Across a 3-year window, the weekly returns of LNTH and MWG correlate at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 1355.2 %².
Among the 13 assets we track against LNTH, MWG ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LNTH ahead by 123.4 points (+76.8% versus -46.6%). Risk is not evenly split, since MWG carries 1.5 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.
LNTH vs MWG: side by side
| LNTH (Lantheus Holdings, Inc.) | MWG (Multi Ways Holdings Limited Class A) | |
|---|---|---|
| 1-year return | +76.8% | -46.6% |
| 5-year return | +286.9% | n/a |
| Volatility (ann.) | 57.5% | 87.1% |
| Beta vs S&P 500 | 0.44 | 0.47 |
| Max drawdown (3Y) | -59.5% | -81.5% |
| Market cap | $6.6B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNTH | MWG |
|---|---|---|
| 2022 | +76.4% | – |
| 2023 | +21.7% | – |
| 2024 | +44.3% | +26.2% |
| 2025 | -25.6% | -6.3% |
| 2026 | +51.0% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNTH and MWG good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LNTH and MWG?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is MWG a good diversifier for LNTH?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/lnth-vs-mwg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnth-vs-mwg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNTH correlations · MWG correlations
