AVD vs LNAI: Correlation
How closely do American Vanguard Corporation (AVD) and Lunai Bioworks Inc. (LNAI) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVD and LNAI?
Over the past 3 years, AVD and LNAI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.21). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -2334.5 %².
Out of 10 assets tracked against AVD, LNAI lands near the bottom at #8. The last year tells two different stories: AVD led by 29.0 percentage points, -59.6% for AVD against -88.6% for LNAI. One caveat on sizing: LNAI is 2.6 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.
AVD vs LNAI: side by side
| AVD (American Vanguard Corporation) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | -59.6% | -88.6% |
| 5-year return | -85.5% | -99.6% |
| Volatility (ann.) | 64.9% | 169.5% |
| Beta vs S&P 500 | 1.21 | 1.43 |
| Max drawdown (3Y) | -85.7% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVD | LNAI |
|---|---|---|
| 2022 | +33.1% | -85.9% |
| 2023 | -49.0% | +207.8% |
| 2024 | -57.5% | -73.6% |
| 2025 | -17.5% | -89.4% |
| 2026 | -42.9% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVD and LNAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVD and LNAI?
The AVD/LNAI correlation stands at -0.21 on a 3-year window (1 year: -0.45, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for AVD?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/avd-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avd-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVD correlations · LNAI correlations
