LNTH vs STRT: Correlation
How closely do Lantheus Holdings, Inc. (LNTH) and STRATTEC SECURITY CORPORATION (STRT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNTH and STRT?
Across a 3-year window, the weekly returns of LNTH and STRT correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.25 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -819.0 %².
STRT is close to the least connected end of LNTH's tracked universe, ranking #13 of 13. The last year tells two different stories: LNTH led by 71.6 percentage points, +76.8% for LNTH against +5.2% for STRT.
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 STRT: side by side
| LNTH (Lantheus Holdings, Inc.) | STRT (STRATTEC SECURITY CORPORATION) | |
|---|---|---|
| 1-year return | +76.8% | +5.2% |
| 5-year return | +286.9% | +89.4% |
| Volatility (ann.) | 57.5% | 56.1% |
| Beta vs S&P 500 | 0.44 | 1.15 |
| Max drawdown (3Y) | -59.5% | -36.8% |
| Market cap | $6.6B | $0.3B |
| P/E (trailing) | 24.1 | 14.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNTH | STRT |
|---|---|---|
| 2022 | +76.4% | -44.5% |
| 2023 | +21.7% | +23.3% |
| 2024 | +44.3% | +62.6% |
| 2025 | -25.6% | +84.8% |
| 2026 | +51.0% | -7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNTH and STRT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNTH and STRT?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.18 over the last year and -0.15 over 5 years.
Is STRT a good diversifier for LNTH?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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
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Related comparisons
Hubs: LNTH correlations · STRT correlations
