ED vs LNAI: Correlation
Consolidated Edison (ED) and Lunai Bioworks Inc. (LNAI) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and LNAI?
Across a 3-year window, the weekly returns of ED and LNAI correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -737.4 %².
By 3-year correlation, LNAI places #79 of the 105 assets tracked against ED. Correlation aside, the last 12 months split them widely, with ED ahead by 98.8 points (+10.2% versus -88.6%). One caveat on sizing: LNAI is 10.3 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.
ED vs LNAI: side by side
| ED (Consolidated Edison) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -88.6% |
| 5-year return | +67.5% | -99.6% |
| Volatility (ann.) | 16.5% | 169.5% |
| Beta vs S&P 500 | -0.21 | 1.43 |
| Max drawdown (3Y) | -17.4% | -99.6% |
| Market cap | $39.5B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 3.22% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ED | LNAI |
|---|---|---|
| 2022 | +15.7% | -85.9% |
| 2023 | -1.1% | +207.8% |
| 2024 | +1.5% | -73.6% |
| 2025 | +15.1% | -89.4% |
| 2026 | +10.1% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and LNAI good diversifiers for each other?
Yes. With a correlation of -0.26, ED and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ED and LNAI?
The ED/LNAI correlation stands at -0.26 on a 3-year window (1 year: -0.31, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for ED?
Yes. With a correlation of -0.26, ED and LNAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/ed-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ed-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ED correlations · LNAI correlations
