AMTX vs LWLG: Correlation
How closely do Aemetis, Inc (AMTX) and Lightwave Logic, Inc. (LWLG) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTX and LWLG?
Across a 3-year window, the weekly returns of AMTX and LWLG correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 4183.3 %².
Within AMTX's tracked universe of 10 assets, LWLG comes in at #4 by 3-year correlation. The last year tells two different stories: LWLG led by 90.6 percentage points, -27.5% for AMTX against +63.1% for LWLG.
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.
AMTX vs LWLG: side by side
| AMTX (Aemetis, Inc) | LWLG (Lightwave Logic, Inc.) | |
|---|---|---|
| 1-year return | -27.5% | +63.1% |
| 5-year return | -81.7% | -48.5% |
| Volatility (ann.) | 98.5% | 110.8% |
| Beta vs S&P 500 | 1.51 | 2.43 |
| Max drawdown (3Y) | -79.2% | -87.7% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTX | LWLG |
|---|---|---|
| 2022 | -67.8% | -71.0% |
| 2023 | +32.3% | +15.5% |
| 2024 | -48.7% | -57.8% |
| 2025 | -48.3% | +54.3% |
| 2026 | +34.5% | +81.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTX and LWLG 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 AMTX and LWLG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.47 over the last year and 0.38 over 5 years.
Is LWLG a good diversifier for AMTX?
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?
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/amtx-vs-lwlg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amtx-vs-lwlg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMTX correlations · LWLG correlations
