BEAT vs LAKE: Correlation
How closely do Heartbeam, Inc. (BEAT) and Lakeland Industries, Inc. (LAKE) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and LAKE?
Across a 3-year window, the weekly returns of BEAT and LAKE correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.58) runs below the 3-year figure (-0.34). Stretching to 5 years gives -0.24, with an annualized covariance of -2884.4 %².
Among the 16 assets we track against BEAT, LAKE sits near the bottom by co-movement, at rank #16. Correlation aside, the last 12 months split them widely, with LAKE ahead by 36.3 points (-58.8% versus -22.5%). Risk is not evenly split, since BEAT carries 2.8 times the volatility of the other side.
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.
BEAT vs LAKE: side by side
| BEAT (Heartbeam, Inc.) | LAKE (Lakeland Industries, Inc.) | |
|---|---|---|
| 1-year return | -58.8% | -22.5% |
| 5-year return | -89.6% | -49.3% |
| Volatility (ann.) | 152.8% | 55.0% |
| Beta vs S&P 500 | 0.65 | 1.32 |
| Max drawdown (3Y) | -86.1% | -71.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BEAT | LAKE |
|---|---|---|
| 2022 | +58.4% | -38.7% |
| 2023 | -51.8% | +40.6% |
| 2024 | -2.1% | +38.7% |
| 2025 | +4.3% | -65.2% |
| 2026 | -79.8% | +35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and LAKE good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between BEAT and LAKE?
The BEAT/LAKE correlation stands at -0.34 on a 3-year window (1 year: -0.58, 5 years: -0.24), computed from weekly returns as of 2026-08-27.
Is LAKE a good diversifier for BEAT?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/beat-vs-lake.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/beat-vs-lake/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEAT correlations · LAKE correlations
