LTRN vs PBR: Correlation
Measured on weekly returns over the past three years, Lantern Pharma Inc. (LTRN) and Petroleo Brasileiro S.A. Petrobras (PBR) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTRN and PBR?
Across a 3-year window, the weekly returns of LTRN and PBR correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.24 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -829.5 %².
PBR is close to the least connected end of LTRN's tracked universe, ranking #10 of 13. The last year tells two different stories: PBR led by 102.8 percentage points, -46.7% for LTRN against +56.1% for PBR. One caveat on sizing: LTRN is 3.2 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.
LTRN vs PBR: side by side
| LTRN (Lantern Pharma Inc.) | PBR (Petroleo Brasileiro S.A. Petrobras) | |
|---|---|---|
| 1-year return | -46.7% | +56.1% |
| 5-year return | -84.2% | +417.1% |
| Volatility (ann.) | 104.8% | 32.9% |
| Beta vs S&P 500 | 2.39 | -0.08 |
| Max drawdown (3Y) | -89.5% | -26.9% |
| Market cap | – | $117.6B |
| P/E (trailing) | – | 4.5 |
| Dividend yield | 0.00% | 20.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTRN | PBR |
|---|---|---|
| 2022 | -24.3% | +57.2% |
| 2023 | -29.1% | +89.2% |
| 2024 | -25.5% | -2.3% |
| 2025 | -5.0% | -1.1% |
| 2026 | -28.7% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTRN and PBR good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LTRN and PBR?
As of 2026-08-27, the correlation of weekly returns between LTRN and PBR is -0.24 over 3 years, -0.35 over 1 year and -0.11 over 5 years.
Is PBR a good diversifier for LTRN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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-pbr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ltrn-vs-pbr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LTRN correlations · PBR correlations
