BALL vs LNAI: Correlation
How closely do Ball Corporation (BALL) and Lunai Bioworks Inc. (LNAI) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and LNAI?
On 3 years of weekly data the BALL/LNAI correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -760.9 %².
By 3-year correlation, LNAI places #32 of the 41 assets tracked against BALL. The last year tells two different stories: BALL led by 111.5 percentage points, +22.9% for BALL against -88.6% for LNAI. One caveat on sizing: LNAI is 6.3 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.
BALL vs LNAI: side by side
| BALL (Ball Corporation) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +22.9% | -88.6% |
| 5-year return | -29.3% | -99.6% |
| Volatility (ann.) | 26.9% | 169.5% |
| Beta vs S&P 500 | 0.43 | 1.43 |
| Max drawdown (3Y) | -35.6% | -99.6% |
| Market cap | $16.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | LNAI |
|---|---|---|
| 2022 | -46.2% | -85.9% |
| 2023 | +14.1% | +207.8% |
| 2024 | -3.0% | -73.6% |
| 2025 | -2.4% | -89.4% |
| 2026 | +20.4% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and LNAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BALL and LNAI?
The BALL/LNAI correlation stands at -0.17 on a 3-year window (1 year: -0.19, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for BALL?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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
$ curl https://www.pairbook.io/api/v1/pairs/ball-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BALL correlations · LNAI correlations
