CXDO vs LQDA: Correlation
Crexendo, Inc. (CXDO) and Liquidia Corporation (LQDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXDO and LQDA?
On 3 years of weekly data the CXDO/LQDA correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 1731.0 %².
Among the 13 assets we track against CXDO, LQDA sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with LQDA ahead by 147.2 points (+2.6% 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.
CXDO vs LQDA: side by side
| CXDO (Crexendo, Inc.) | LQDA (Liquidia Corporation) | |
|---|---|---|
| 1-year return | +2.6% | +149.8% |
| 5-year return | +9.7% | +2500.0% |
| Volatility (ann.) | 67.1% | 72.2% |
| Beta vs S&P 500 | 1.77 | 1.47 |
| Max drawdown (3Y) | -60.4% | -46.8% |
| Market cap | $0.2B | $6.3B |
| P/E (trailing) | 49.4 | 51.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CXDO | LQDA |
|---|---|---|
| 2022 | -61.7% | +30.8% |
| 2023 | +156.1% | +88.9% |
| 2024 | +7.8% | -2.2% |
| 2025 | +23.7% | +193.3% |
| 2026 | -0.8% | +102.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXDO and LQDA good diversifiers for each other?
Reasonably. At 0.36, CXDO and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXDO and LQDA?
As of 2026-08-27, the correlation of weekly returns between CXDO and LQDA is 0.36 over 3 years, 0.24 over 1 year and 0.34 over 5 years.
Is LQDA a good diversifier for CXDO?
Reasonably. At 0.36, CXDO and LQDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/cxdo-vs-lqda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cxdo-vs-lqda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CXDO correlations · LQDA correlations
