ELAB vs LPCN: Correlation
PMGC Holdings Inc. (ELAB) and Lipocine Inc. (LPCN) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELAB and LPCN?
Over the past 3 years, ELAB and LPCN moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.64) runs below the 3-year figure (-0.37). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6713.7 %².
Among the 20 assets we track against ELAB, LPCN sits near the bottom by co-movement, at rank #20. The last year tells two different stories: LPCN led by 73.8 percentage points, -99.7% for ELAB against -25.9% for LPCN. Note the risk asymmetry: ELAB runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ELAB vs LPCN: side by side
| ELAB (PMGC Holdings Inc.) | LPCN (Lipocine Inc.) | |
|---|---|---|
| 1-year return | -99.7% | -25.9% |
| 5-year return | n/a | -90.3% |
| Volatility (ann.) | 195.6% | 90.4% |
| Beta vs S&P 500 | 2.50 | 0.69 |
| Max drawdown (3Y) | -100.0% | -82.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELAB | LPCN |
|---|---|---|
| 2022 | – | -59.8% |
| 2023 | – | -58.8% |
| 2024 | -99.4% | +74.9% |
| 2025 | -97.4% | +64.5% |
| 2026 | -98.4% | -72.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELAB and LPCN good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELAB and LPCN?
The ELAB/LPCN correlation stands at -0.37 on a 3-year window (1 year: -0.64, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LPCN a good diversifier for ELAB?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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
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Related comparisons
Hubs: ELAB correlations · LPCN correlations
