AEP vs LNAI: Correlation
Measured on weekly returns over the past three years, American Electric Power (AEP) and Lunai Bioworks Inc. (LNAI) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEP and LNAI?
Across a 3-year window, the weekly returns of AEP and LNAI correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -827.8 %².
Within AEP's tracked universe of 36 assets, LNAI comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AEP outperformed by 100.7 percentage points (+12.1% for AEP against -88.6% for LNAI). One caveat on sizing: LNAI is 9.0 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.
AEP vs LNAI: side by side
| AEP (American Electric Power) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +12.1% | -88.6% |
| 5-year return | +63.9% | -99.6% |
| Volatility (ann.) | 18.9% | 169.5% |
| Beta vs S&P 500 | -0.01 | 1.43 |
| Max drawdown (3Y) | -13.1% | -99.6% |
| Market cap | $66.8B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 3.06% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEP | LNAI |
|---|---|---|
| 2022 | +10.4% | -85.9% |
| 2023 | -11.0% | +207.8% |
| 2024 | +18.2% | -73.6% |
| 2025 | +29.4% | -89.4% |
| 2026 | +8.9% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEP and LNAI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEP and LNAI?
As of 2026-08-27, the correlation of weekly returns between AEP and LNAI is -0.26 over 3 years, -0.29 over 1 year and -0.18 over 5 years.
Is LNAI a good diversifier for AEP?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
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/aep-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aep-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEP correlations · LNAI correlations
