LTRN vs NIKI: Correlation
Lantern Pharma Inc. (LTRN) and Niki BioSolutions, Inc. (NIKI) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTRN and NIKI?
On 3 years of weekly data the LTRN/NIKI correlation comes out at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.52). The 5-year figure is 0.46, and annualized covariance runs at 12441.6 %².
In LTRN's tracked universe of 13 assets, NIKI sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months LTRN outperformed by 19.8 percentage points (-46.7% for LTRN against -66.5% for NIKI). Note the risk asymmetry: NIKI runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LTRN vs NIKI: side by side
| LTRN (Lantern Pharma Inc.) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | -46.7% | -66.5% |
| 5-year return | -84.2% | -97.1% |
| Volatility (ann.) | 104.8% | 227.3% |
| Beta vs S&P 500 | 2.39 | 0.93 |
| Max drawdown (3Y) | -89.5% | -94.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTRN | NIKI |
|---|---|---|
| 2022 | -24.3% | -63.3% |
| 2023 | -29.1% | -55.5% |
| 2024 | -25.5% | +14.3% |
| 2025 | -5.0% | -62.1% |
| 2026 | -28.7% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTRN and NIKI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LTRN and NIKI?
The LTRN/NIKI correlation stands at 0.52 on a 3-year window (1 year: 0.05, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is NIKI a good diversifier for LTRN?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/ltrn-vs-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ltrn-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LTRN correlations · NIKI correlations
