AMCI vs LONA: Correlation
How closely do AMC Robotics Corporation (AMCI) and LeonaBio, Inc. (LONA) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and LONA?
Across a 3-year window, the weekly returns of AMCI and LONA correlate at 0.41, moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 7253.8 %².
Few assets follow AMCI as closely as LONA, which ranks #1 of 20 tracked partners. The last year tells two different stories: LONA led by 163.4 percentage points, -66.2% for AMCI against +97.2% for LONA. One caveat on sizing: AMCI is 1.6 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.
AMCI vs LONA: side by side
| AMCI (AMC Robotics Corporation) | LONA (LeonaBio, Inc.) | |
|---|---|---|
| 1-year return | -66.2% | +97.2% |
| 5-year return | n/a | -92.6% |
| Volatility (ann.) | 168.1% | 104.6% |
| Beta vs S&P 500 | 0.40 | 1.80 |
| Max drawdown (3Y) | -87.8% | -94.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | LONA |
|---|---|---|
| 2022 | – | -75.7% |
| 2023 | – | -23.3% |
| 2024 | +6.4% | -75.8% |
| 2025 | -30.6% | +29.0% |
| 2026 | -48.8% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and LONA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMCI and LONA?
As of 2026-08-27, the correlation of weekly returns between AMCI and LONA is 0.41 over 3 years, 0.62 over 1 year and n/a over 5 years.
Is LONA a good diversifier for AMCI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amci-vs-lona.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amci-vs-lona/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCI correlations · LONA correlations
