LTRN vs PBM: Correlation
Measured on weekly returns over the past three years, Lantern Pharma Inc. (LTRN) and Psyence Biomedical Ltd. (PBM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTRN and PBM?
Across a 3-year window, the weekly returns of LTRN and PBM correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.40, with an annualized covariance of 11555.7 %².
By 3-year correlation, PBM places #4 of the 13 assets tracked against LTRN. Their recent paths diverged sharply: over the last 12 months LTRN outperformed by 49.8 percentage points (-46.7% for LTRN against -96.5% for PBM). Risk is not evenly split, since PBM carries 2.4 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.
LTRN vs PBM: side by side
| LTRN (Lantern Pharma Inc.) | PBM (Psyence Biomedical Ltd.) | |
|---|---|---|
| 1-year return | -46.7% | -96.5% |
| 5-year return | -84.2% | -100.0% |
| Volatility (ann.) | 104.8% | 254.5% |
| Beta vs S&P 500 | 2.39 | 3.60 |
| Max drawdown (3Y) | -89.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTRN | PBM |
|---|---|---|
| 2022 | -24.3% | +3.7% |
| 2023 | -29.1% | -10.1% |
| 2024 | -25.5% | -99.7% |
| 2025 | -5.0% | -95.5% |
| 2026 | -28.7% | -85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTRN and PBM good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LTRN and PBM?
The LTRN/PBM correlation stands at 0.43 on a 3-year window (1 year: 0.21, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PBM a good diversifier for LTRN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/ltrn-vs-pbm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ltrn-vs-pbm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LTRN correlations · PBM correlations
