ATO vs LNAI: Correlation
Atmos Energy (ATO) and Lunai Bioworks Inc. (LNAI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and LNAI?
Across a 3-year window, the weekly returns of ATO and LNAI correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.23). Stretching to 5 years gives -0.16, with an annualized covariance of -621.6 %².
Out of 32 assets tracked against ATO, LNAI lands near the bottom at #29. The last year tells two different stories: ATO led by 91.5 percentage points, +2.9% for ATO against -88.6% for LNAI. One caveat on sizing: LNAI is 10.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATO vs LNAI: side by side
| ATO (Atmos Energy) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +2.9% | -88.6% |
| 5-year return | +94.1% | -99.6% |
| Volatility (ann.) | 15.9% | 169.5% |
| Beta vs S&P 500 | 0.15 | 1.43 |
| Max drawdown (3Y) | -12.7% | -99.6% |
| Market cap | $28.3B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ATO | LNAI |
|---|---|---|
| 2022 | +9.6% | -85.9% |
| 2023 | +6.2% | +207.8% |
| 2024 | +23.4% | -73.6% |
| 2025 | +23.1% | -89.4% |
| 2026 | +1.5% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and LNAI good diversifiers for each other?
Yes. With a correlation of -0.23, ATO and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATO and LNAI?
As of 2026-08-27, the correlation of weekly returns between ATO and LNAI is -0.23 over 3 years, -0.34 over 1 year and -0.16 over 5 years.
Is LNAI a good diversifier for ATO?
Yes. With a correlation of -0.23, ATO and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ato-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ato-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATO correlations · LNAI correlations
