AMRC vs LPCN: Correlation
How closely do Ameresco, Inc. (AMRC) and Lipocine Inc. (LPCN) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRC and LPCN?
On 3 years of weekly data the AMRC/LPCN correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.29 over 3. The 5-year figure is 0.26, and annualized covariance runs at 1970.7 %².
Among the 18 assets we track against AMRC, LPCN sits near the bottom by co-movement, at rank #15. The last year tells two different stories: AMRC led by 19.3 percentage points, -6.6% for AMRC against -25.9% for LPCN.
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.
AMRC vs LPCN: side by side
| AMRC (Ameresco, Inc.) | LPCN (Lipocine Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -25.9% |
| 5-year return | -66.7% | -90.3% |
| Volatility (ann.) | 74.9% | 90.4% |
| Beta vs S&P 500 | 1.78 | 0.69 |
| Max drawdown (3Y) | -81.5% | -82.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRC | LPCN |
|---|---|---|
| 2022 | -29.8% | -59.8% |
| 2023 | -44.6% | -58.8% |
| 2024 | -25.9% | +74.9% |
| 2025 | +24.7% | +64.5% |
| 2026 | -21.8% | -72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRC and LPCN good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMRC and LPCN?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.24 over the last year and 0.26 over 5 years.
Is LPCN a good diversifier for AMRC?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/amrc-vs-lpcn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amrc-vs-lpcn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMRC correlations · LPCN correlations
