CGEN vs LQDA: Correlation
Measured on weekly returns over the past three years, Compugen Ltd. (CGEN) and Liquidia Corporation (LQDA) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and LQDA?
Over the past 3 years, CGEN and LQDA moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.41 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 2848.7 %².
Within CGEN's tracked universe of 18 assets, LQDA comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LQDA ahead by 62.0 points (+87.8% versus +149.8%).
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.
CGEN vs LQDA: side by side
| CGEN (Compugen Ltd.) | LQDA (Liquidia Corporation) | |
|---|---|---|
| 1-year return | +87.8% | +149.8% |
| 5-year return | -59.2% | +2500.0% |
| Volatility (ann.) | 95.6% | 72.2% |
| Beta vs S&P 500 | 1.63 | 1.47 |
| Max drawdown (3Y) | -60.0% | -46.8% |
| Market cap | $0.3B | $6.3B |
| P/E (trailing) | 7.3 | 51.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | LQDA |
|---|---|---|
| 2022 | -83.3% | +30.8% |
| 2023 | +175.0% | +88.9% |
| 2024 | -22.7% | -2.2% |
| 2025 | +0.0% | +193.3% |
| 2026 | +80.4% | +102.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and LQDA good diversifiers for each other?
Reasonably. At 0.41, CGEN and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGEN and LQDA?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.06 over the last year and 0.28 over 5 years.
Is LQDA a good diversifier for CGEN?
Reasonably. At 0.41, CGEN and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/cgen-vs-lqda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgen-vs-lqda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGEN correlations · LQDA correlations
