ATLX vs LAR: Correlation
How closely do Atlas Lithium Corporation (ATLX) and Lithium Argentina AG (LAR) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and LAR?
Over the past 3 years, ATLX and LAR moved with a correlation of 0.54, which is moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.54). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2893.5 %².
In ATLX's tracked universe of 13 assets, LAR sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months LAR outperformed by 151.3 percentage points (-37.4% for ATLX against +113.9% for LAR).
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.
ATLX vs LAR: side by side
| ATLX (Atlas Lithium Corporation) | LAR (Lithium Argentina AG) | |
|---|---|---|
| 1-year return | -37.4% | +113.9% |
| 5-year return | -55.9% | -12.4% |
| Volatility (ann.) | 79.3% | 67.6% |
| Beta vs S&P 500 | 1.64 | 1.61 |
| Max drawdown (3Y) | -92.3% | -79.6% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | LAR |
|---|---|---|
| 2022 | +16.7% | -34.9% |
| 2023 | +346.9% | -17.2% |
| 2024 | -79.8% | -58.5% |
| 2025 | -33.2% | +113.0% |
| 2026 | -21.9% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and LAR good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATLX and LAR?
As of 2026-08-27, the correlation of weekly returns between ATLX and LAR is 0.54 over 3 years, 0.72 over 1 year and 0.31 over 5 years.
Is LAR a good diversifier for ATLX?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/atlx-vs-lar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlx-vs-lar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATLX correlations · LAR correlations
