EUDA vs LMT: Correlation
How closely do Euda Health Holdings Limited (EUDA) and Lockheed Martin (LMT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and LMT?
Across a 3-year window, the weekly returns of EUDA and LMT correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -741.0 %².
Out of 13 assets tracked against EUDA, LMT lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with LMT ahead by 95.1 points (-67.2% versus +27.9%). Risk is not evenly split, since EUDA carries 5.3 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.
EUDA vs LMT: side by side
| EUDA (Euda Health Holdings Limited) | LMT (Lockheed Martin) | |
|---|---|---|
| 1-year return | -67.2% | +27.9% |
| 5-year return | -92.2% | +78.9% |
| Volatility (ann.) | 139.0% | 26.0% |
| Beta vs S&P 500 | 0.75 | 0.20 |
| Max drawdown (3Y) | -95.7% | -31.8% |
| Market cap | – | $130.6B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 0.00% | 2.41% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EUDA | LMT |
|---|---|---|
| 2022 | -83.1% | +40.5% |
| 2023 | -13.2% | -4.3% |
| 2024 | +212.9% | +10.0% |
| 2025 | -48.4% | +2.5% |
| 2026 | -67.5% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and LMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EUDA and LMT?
As of 2026-08-27, the correlation of weekly returns between EUDA and LMT is -0.21 over 3 years, -0.27 over 1 year and -0.15 over 5 years.
Is LMT a good diversifier for EUDA?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: EUDA correlations · LMT correlations
