ATOM vs LEE: Correlation
How closely do Atomera Incorporated (ATOM) and Lee Enterprises, Incorporated (LEE) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOM and LEE?
On 3 years of weekly data the ATOM/LEE correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.31 over 3. The 5-year figure is 0.22, and annualized covariance runs at 2886.5 %².
Among the 12 assets we track against ATOM, LEE ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LEE ahead by 62.0 points (+31.9% versus +93.9%).
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.
ATOM vs LEE: side by side
| ATOM (Atomera Incorporated) | LEE (Lee Enterprises, Incorporated) | |
|---|---|---|
| 1-year return | +31.9% | +93.9% |
| 5-year return | -81.4% | -67.6% |
| Volatility (ann.) | 117.4% | 79.2% |
| Beta vs S&P 500 | 1.78 | 0.72 |
| Max drawdown (3Y) | -88.0% | -82.0% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATOM | LEE |
|---|---|---|
| 2022 | -69.1% | -46.3% |
| 2023 | +12.7% | -57.6% |
| 2024 | +65.5% | +87.8% |
| 2025 | -80.9% | -67.6% |
| 2026 | +102.3% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOM and LEE good diversifiers for each other?
Reasonably. At 0.31, ATOM and LEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATOM and LEE?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.34 over the last year and 0.22 over 5 years.
Is LEE a good diversifier for ATOM?
Reasonably. At 0.31, ATOM and LEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/atom-vs-lee.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atom-vs-lee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATOM correlations · LEE correlations
