DBGI vs LSTA: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Lisata Therapeutics, Inc. (LSTA) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and LSTA?
Across a 3-year window, the weekly returns of DBGI and LSTA correlate at -0.35, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.43 over 1 year against -0.35 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -35928.7 %².
Among the 28 assets we track against DBGI, LSTA sits near the bottom by co-movement, at rank #24. Twelve-month performance is nearly a tie, at -29.2% for DBGI and -27.2% for LSTA. One caveat on sizing: DBGI is 12.4 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.
DBGI vs LSTA: side by side
| DBGI (Digital Brands Group, Inc.) | LSTA (Lisata Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -29.2% | -27.2% |
| 5-year return | -100.0% | -90.4% |
| Volatility (ann.) | 1127.2% | 91.1% |
| Beta vs S&P 500 | -1.93 | 0.31 |
| Max drawdown (3Y) | -100.0% | -80.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBGI | LSTA |
|---|---|---|
| 2022 | -98.2% | -79.9% |
| 2023 | -96.9% | +7.9% |
| 2024 | -98.9% | +9.2% |
| 2025 | +610.8% | -37.6% |
| 2026 | -43.1% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and LSTA good diversifiers for each other?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DBGI and LSTA?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.43 over the last year and -0.29 over 5 years.
Is LSTA a good diversifier for DBGI?
Yes: at -0.35, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.35 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.
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Related comparisons
Hubs: DBGI correlations · LSTA correlations
