ALAB vs LPTH: Correlation
Measured on weekly returns over the past three years, Astera Labs, Inc. (ALAB) and LightPath Technologies, Inc. (LPTH) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and LPTH?
Across a 3-year window, the weekly returns of ALAB and LPTH correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.38 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 2709.6 %².
Among the 18 assets we track against ALAB, LPTH ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LPTH outperformed by 117.6 percentage points (+69.7% for ALAB against +187.3% for LPTH).
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.
ALAB vs LPTH: side by side
| ALAB (Astera Labs, Inc.) | LPTH (LightPath Technologies, Inc.) | |
|---|---|---|
| 1-year return | +69.7% | +187.3% |
| 5-year return | n/a | +499.6% |
| Volatility (ann.) | 84.6% | 79.6% |
| Beta vs S&P 500 | 2.90 | 1.33 |
| Max drawdown (3Y) | -63.7% | -61.1% |
| Market cap | $52.8B | $0.9B |
| P/E (trailing) | 142.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALAB | LPTH |
|---|---|---|
| 2022 | – | -50.0% |
| 2023 | – | +3.3% |
| 2024 | – | +180.2% |
| 2025 | +25.6% | +205.9% |
| 2026 | +82.8% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and LPTH good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALAB and LPTH?
The ALAB/LPTH correlation stands at 0.38 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LPTH a good diversifier for ALAB?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALAB correlations · LPTH correlations
