APLM vs LSAK: Correlation
Measured on weekly returns over the past three years, Apollomics Inc. - Class A (APLM) and Lesaka Technologies, Inc. (LSAK) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and LSAK?
On 3 years of weekly data the APLM/LSAK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.23). The 5-year figure is -0.04, and annualized covariance runs at -1122.9 %².
Out of 12 assets tracked against APLM, LSAK lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months APLM outperformed by 326.0 percentage points (+322.2% for APLM against -3.8% for LSAK). Note the risk asymmetry: APLM runs 5.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
APLM vs LSAK: side by side
| APLM (Apollomics Inc. - Class A) | LSAK (Lesaka Technologies, Inc.) | |
|---|---|---|
| 1-year return | +322.2% | -3.8% |
| 5-year return | -97.3% | +6.3% |
| Volatility (ann.) | 159.8% | 31.0% |
| Beta vs S&P 500 | 0.72 | 0.20 |
| Max drawdown (3Y) | -99.2% | -33.2% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLM | LSAK |
|---|---|---|
| 2022 | +4.3% | -14.5% |
| 2023 | -90.7% | -28.8% |
| 2024 | -89.9% | +68.2% |
| 2025 | +91.7% | -12.5% |
| 2026 | +40.7% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and LSAK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APLM and LSAK?
The APLM/LSAK correlation stands at -0.23 on a 3-year window (1 year: -0.39, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is LSAK a good diversifier for APLM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aplm-vs-lsak.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aplm-vs-lsak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APLM correlations · LSAK correlations
