ES vs LNAI: Correlation
How closely do Eversource Energy (ES) and Lunai Bioworks Inc. (LNAI) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ES and LNAI?
Across a 3-year window, the weekly returns of ES and LNAI correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -1194.9 %².
Among the 28 assets we track against ES, LNAI sits near the bottom by co-movement, at rank #28. The last year tells two different stories: ES led by 103.1 percentage points, +14.5% for ES against -88.6% for LNAI. Risk is not evenly split, since LNAI carries 7.4 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.
ES vs LNAI: side by side
| ES (Eversource Energy) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -88.6% |
| 5-year return | -5.0% | -99.6% |
| Volatility (ann.) | 22.9% | 169.5% |
| Beta vs S&P 500 | 0.20 | 1.43 |
| Max drawdown (3Y) | -18.8% | -99.6% |
| Market cap | $26.7B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 4.30% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ES | LNAI |
|---|---|---|
| 2022 | -5.1% | -85.9% |
| 2023 | -23.4% | +207.8% |
| 2024 | -2.5% | -73.6% |
| 2025 | +22.9% | -89.4% |
| 2026 | +7.7% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ES and LNAI good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ES and LNAI?
As of 2026-08-27, the correlation of weekly returns between ES and LNAI is -0.31 over 3 years, -0.36 over 1 year and -0.22 over 5 years.
Is LNAI a good diversifier for ES?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/es-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/es-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ES correlations · LNAI correlations
