LRMR vs PRME: Correlation
Measured on weekly returns over the past three years, Larimar Therapeutics, Inc. (LRMR) and Prime Medicine, Inc. (PRME) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRMR and PRME?
Over the past 3 years, LRMR and PRME moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 4971.4 %².
Few assets follow LRMR as closely as PRME, which ranks #3 of 13 tracked partners. Twelve-month performance is nearly a tie, at +3.8% for LRMR and +6.1% for PRME.
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.
LRMR vs PRME: side by side
| LRMR (Larimar Therapeutics, Inc.) | PRME (Prime Medicine, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | +6.1% |
| 5-year return | -71.6% | n/a |
| Volatility (ann.) | 101.9% | 98.7% |
| Beta vs S&P 500 | 1.81 | 2.97 |
| Max drawdown (3Y) | -87.1% | -91.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LRMR | PRME |
|---|---|---|
| 2022 | -61.7% | – |
| 2023 | +10.2% | -52.3% |
| 2024 | -14.9% | -67.0% |
| 2025 | -1.6% | +18.8% |
| 2026 | +6.3% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRMR and PRME good diversifiers for each other?
Reasonably. At 0.49, LRMR and PRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LRMR and PRME?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.57 over the last year and 0.44 over 5 years.
Is PRME a good diversifier for LRMR?
Reasonably. At 0.49, LRMR and PRME keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/lrmr-vs-prme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lrmr-vs-prme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LRMR correlations · PRME correlations
