AEVA vs LSAK: Correlation
How closely do Aeva Technologies, Inc. (AEVA) and Lesaka Technologies, Inc. (LSAK) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEVA and LSAK?
Over the past 3 years, AEVA and LSAK moved with a correlation of 0.26, which is weak. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1010.3 %².
LSAK is close to the least connected end of AEVA's tracked universe, ranking #10 of 14. On 12-month performance AEVA holds a 7.7-point edge, +3.9% against -3.8%. One caveat on sizing: AEVA is 4.1 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.
AEVA vs LSAK: side by side
| AEVA (Aeva Technologies, Inc.) | LSAK (Lesaka Technologies, Inc.) | |
|---|---|---|
| 1-year return | +3.9% | -3.8% |
| 5-year return | -66.2% | +6.3% |
| Volatility (ann.) | 127.6% | 31.0% |
| Beta vs S&P 500 | 2.96 | 0.20 |
| Max drawdown (3Y) | -75.7% | -33.2% |
| Market cap | $1.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEVA | LSAK |
|---|---|---|
| 2022 | -82.0% | -14.5% |
| 2023 | -44.3% | -28.8% |
| 2024 | +25.3% | +68.2% |
| 2025 | +179.6% | -12.5% |
| 2026 | +23.4% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEVA and LSAK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEVA and LSAK?
The AEVA/LSAK correlation stands at 0.26 on a 3-year window (1 year: 0.36, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is LSAK a good diversifier for AEVA?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
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/aeva-vs-lsak.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeva-vs-lsak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEVA correlations · LSAK correlations
