LRMR vs XWEL: Correlation
Measured on weekly returns over the past three years, Larimar Therapeutics, Inc. (LRMR) and XWELL, Inc. (XWEL) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRMR and XWEL?
Over the past 3 years, LRMR and XWEL moved with a correlation of 0.48, which is moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.48). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 9146.2 %².
By 3-year correlation, XWEL places #6 of the 13 assets tracked against LRMR. The trailing year gives LRMR the advantage: +3.8% versus -7.5%, a 11.3-point spread. One caveat on sizing: XWEL is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XWEL: side by side
| LRMR (Larimar Therapeutics, Inc.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | -7.5% |
| 5-year return | -71.6% | -97.2% |
| Volatility (ann.) | 101.9% | 188.4% |
| Beta vs S&P 500 | 1.81 | 0.41 |
| Max drawdown (3Y) | -87.1% | -92.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LRMR | XWEL |
|---|---|---|
| 2022 | -61.7% | -82.2% |
| 2023 | +10.2% | -75.8% |
| 2024 | -14.9% | -13.2% |
| 2025 | -1.6% | -69.5% |
| 2026 | +6.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRMR and XWEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LRMR and XWEL?
As of 2026-08-27, the correlation of weekly returns between LRMR and XWEL is 0.48 over 3 years, 0.73 over 1 year and 0.37 over 5 years.
Is XWEL a good diversifier for LRMR?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/lrmr-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lrmr-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LRMR correlations · XWEL correlations
