CCB vs LEXX: Correlation
Coastal Financial Corporation (CCB) and Lexaria Bioscience Corp. (LEXX) show a negative relationship: their 3-year correlation of weekly returns is -0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and LEXX?
Over the past 3 years, CCB and LEXX moved with a correlation of -0.53, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.69 versus -0.53 over 3 years. Over 5 years the correlation is -0.42, and the annualized covariance of weekly returns is -13358.2 %².
LEXX is close to the least connected end of CCB's tracked universe, ranking #18 of 19. The last year tells two different stories: LEXX led by 1277.3 percentage points, -59.0% for CCB against +1218.3% for LEXX. One caveat on sizing: LEXX is 12.3 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.
CCB vs LEXX: side by side
| CCB (Coastal Financial Corporation) | LEXX (Lexaria Bioscience Corp.) | |
|---|---|---|
| 1-year return | -59.0% | +1218.3% |
| 5-year return | +59.4% | +89.6% |
| Volatility (ann.) | 45.4% | 559.5% |
| Beta vs S&P 500 | 0.96 | 1.66 |
| Max drawdown (3Y) | -66.5% | -95.6% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | LEXX |
|---|---|---|
| 2022 | -6.1% | -39.0% |
| 2023 | -6.5% | -49.2% |
| 2024 | +91.2% | +68.0% |
| 2025 | +35.0% | -70.6% |
| 2026 | -59.2% | +1793.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and LEXX good diversifiers for each other?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCB and LEXX?
The CCB/LEXX correlation stands at -0.53 on a 3-year window (1 year: -0.69, 5 years: -0.42), computed from weekly returns as of 2026-08-27.
Is LEXX a good diversifier for CCB?
Yes: at -0.53, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.53 mean?
On the −1 to +1 scale, -0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccb-vs-lexx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccb-vs-lexx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCB correlations · LEXX correlations
