A vs LPA: Correlation
How closely do Agilent Technologies (A) and Logistic Properties of the Americas (LPA) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and LPA?
Across a 3-year window, the weekly returns of A and LPA correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.26 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -4473.4 %².
Among the 33 assets we track against A, LPA sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with A ahead by 86.2 points (+33.9% versus -52.3%). Risk is not evenly split, since LPA carries 17.4 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.
A vs LPA: side by side
| A (Agilent Technologies) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | +33.9% | -52.3% |
| 5-year return | -7.5% | n/a |
| Volatility (ann.) | 31.0% | 540.6% |
| Beta vs S&P 500 | 0.98 | -0.73 |
| Max drawdown (3Y) | -35.3% | -99.1% |
| Market cap | $44.5B | $0.1B |
| P/E (trailing) | 30.6 | 5.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | LPA |
|---|---|---|
| 2022 | -5.5% | – |
| 2023 | -6.4% | – |
| 2024 | -2.7% | – |
| 2025 | +1.9% | -74.5% |
| 2026 | +16.6% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and LPA good diversifiers for each other?
Yes. With a correlation of -0.26, A and LPA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between A and LPA?
As of 2026-08-27, the correlation of weekly returns between A and LPA is -0.26 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is LPA a good diversifier for A?
Yes. With a correlation of -0.26, A and LPA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/a-vs-lpa.json
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Related comparisons
Hubs: A correlations · LPA correlations
