Lantern Pharma Correlations

LTRN Stock

USD 3.72 0.03 0.80%

The current 90-days correlation between Lantern Pharma and Generation Bio Co is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lantern Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lantern Pharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lantern Pharma Correlation With Market

Average diversification

The correlation between Lantern Pharma and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lantern Pharma and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lantern Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Lantern Stock, please use our How to Invest in Lantern Pharma guide.

Moving together with Lantern Stock

0.77	OPT	Opthea	Pair Corr
0.68	INGN	Inogen Inc	Pair Corr
0.74	NPCE	Neuropace	Pair Corr
0.64	NYXH	Nyxoah	Pair Corr
0.84	TMCI	Treace Medical Concepts	Pair Corr

Moving against Lantern Stock

0.43	EYEN	Eyenovia	Pair Corr
0.38	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.43	SGHT	Sight Sciences	Pair Corr
0.4	PKX	POSCO Holdings	Pair Corr
0.34	NHNCF	NAVER Corp	Pair Corr

Related Correlations Analysis

	TFFP	GBIO	LYRA	IMNM	CUE
TFFP		0.0	0.0	0.0	0.0	TFFP
GBIO	0.0		0.3	0.7	0.34	GBIO
LYRA	0.0	0.3		0.39	0.55	LYRA
IMNM	0.0	0.7	0.39		0.55	IMNM
CUE	0.0	0.34	0.55	0.55		CUE
	TFFP	GBIO	LYRA	IMNM	CUE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IMNM	+ 0.7	GBIO
CUE	+ 0.55	LYRA
CUE	+ 0.55	IMNM
IMNM	+ 0.39	LYRA
CUE	+ 0.34	GBIO
LYRA	+ 0.3	GBIO

High negative correlations

CUE	- 0.0	TFFP
IMNM	- 0.0	TFFP
LYRA	- 0.0	TFFP
GBIO	- 0.0	TFFP

Risk-Adjusted Indicators

There is a big difference between Lantern Stock performing well and Lantern Pharma Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lantern Pharma's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFFP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GBIO	3.57	(1.12)	0.00	(2.24)	0.00	0.00	6.74	(7.89)	17.22
LYRA	2.59	(0.04)	0.00	0.09	0.00	0.00	5.56	(5.56)	25.31
IMNM	3.28	(0.36)	0.00	1.09	0.00	0.00	7.03	(6.57)	20.87
CUE	4.79	0.14	0.03	0.10	4.71	(6.94)	7.19	(8.57)	38.78

Lantern Pharma Corporate Management

DVM MS	CoFounder Advisor	Profile
Nicole Leber	Finance Associate	Profile
MS BS	Head Operations	Profile
Kishor Bhatia	Chief Consultant	Profile
Marc MD	Chief Therapeutics	Profile

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