EGBN vs LIDR: Correlation
Measured on weekly returns over the past three years, Eagle Bancorp, Inc. (EGBN) and AEye, Inc. (LIDR) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGBN and LIDR?
Across a 3-year window, the weekly returns of EGBN and LIDR correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.29). Stretching to 5 years gives -0.17, with an annualized covariance of -2685.6 %².
LIDR is close to the least connected end of EGBN's tracked universe, ranking #8 of 10. The last year tells two different stories: EGBN led by 102.8 percentage points, +42.5% for EGBN against -60.3% for LIDR. Risk is not evenly split, since LIDR carries 4.9 times the volatility of the other side.
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.
EGBN vs LIDR: side by side
| EGBN (Eagle Bancorp, Inc.) | LIDR (AEye, Inc.) | |
|---|---|---|
| 1-year return | +42.5% | -60.3% |
| 5-year return | -41.4% | -99.6% |
| Volatility (ann.) | 43.4% | 211.5% |
| Beta vs S&P 500 | 0.65 | 2.26 |
| Max drawdown (3Y) | -46.0% | -93.9% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGBN | LIDR |
|---|---|---|
| 2022 | -21.9% | -90.1% |
| 2023 | -27.0% | -84.1% |
| 2024 | -7.9% | -44.5% |
| 2025 | -15.6% | +44.9% |
| 2026 | +29.1% | -34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGBN and LIDR good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EGBN and LIDR?
The EGBN/LIDR correlation stands at -0.29 on a 3-year window (1 year: -0.07, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is LIDR a good diversifier for EGBN?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/egbn-vs-lidr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egbn-vs-lidr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGBN correlations · LIDR correlations
