AVTX vs LUCD: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and Lucid Diagnostics Inc. (LUCD) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and LUCD?
On 3 years of weekly data the AVTX/LUCD correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.24) than the 3-year average (-0.20). The 5-year figure is -0.08, and annualized covariance runs at -2898.0 %².
Within AVTX's tracked universe of 17 assets, LUCD comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVTX outperformed by 129.7 percentage points (+107.8% for AVTX against -21.9% for LUCD). One caveat on sizing: AVTX is 3.5 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.
AVTX vs LUCD: side by side
| AVTX (Avalo Therapeutics, Inc.) | LUCD (Lucid Diagnostics Inc.) | |
|---|---|---|
| 1-year return | +107.8% | -21.9% |
| 5-year return | -99.8% | -91.6% |
| Volatility (ann.) | 225.5% | 64.4% |
| Beta vs S&P 500 | 1.22 | 0.32 |
| Max drawdown (3Y) | -93.3% | -59.4% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | LUCD |
|---|---|---|
| 2022 | -75.3% | -74.7% |
| 2023 | -99.2% | +3.7% |
| 2024 | -18.4% | -41.9% |
| 2025 | +144.4% | +33.1% |
| 2026 | +10.4% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and LUCD good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVTX and LUCD?
As of 2026-08-27, the correlation of weekly returns between AVTX and LUCD is -0.20 over 3 years, 0.24 over 1 year and -0.08 over 5 years.
Is LUCD a good diversifier for AVTX?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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
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Related comparisons
Hubs: AVTX correlations · LUCD correlations
