AROC vs LICN: Correlation
How closely do Archrock, Inc. (AROC) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and LICN?
On 3 years of weekly data the AROC/LICN correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.22 over 3. The 5-year figure is n/a, and annualized covariance runs at -67064.7 %².
Out of 17 assets tracked against AROC, LICN lands near the bottom at #15. The last year tells two different stories: AROC led by 109.1 percentage points, +34.4% for AROC against -74.7% for LICN. Note the risk asymmetry: LICN runs 234.9 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.
AROC vs LICN: side by side
| AROC (Archrock, Inc.) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +34.4% | -74.7% |
| 5-year return | +420.1% | n/a |
| Volatility (ann.) | 36.3% | 8528.0% |
| Beta vs S&P 500 | 0.87 | -80.22 |
| Max drawdown (3Y) | -30.3% | -98.4% |
| Market cap | $5.6B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 2.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | LICN |
|---|---|---|
| 2022 | +28.8% | – |
| 2023 | +81.0% | – |
| 2024 | +67.6% | -91.0% |
| 2025 | +8.0% | +1484.3% |
| 2026 | +25.6% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and LICN good diversifiers for each other?
Yes. With a correlation of -0.22, AROC and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AROC and LICN?
The AROC/LICN correlation stands at -0.22 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for AROC?
Yes. With a correlation of -0.22, AROC and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/aroc-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aroc-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AROC correlations · LICN correlations
