EVI vs LGCL: Correlation
Measured on weekly returns over the past three years, EVI Industries, Inc. (EVI) and Lucas GC Limited - Class A (LGCL) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVI and LGCL?
Over the past 3 years, EVI and LGCL moved with a correlation of 0.30, which is moderate. The past 12 months show a tighter link (0.41) than the 3-year average (0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2515.8 %².
By 3-year correlation, LGCL places #6 of the 12 assets tracked against EVI. Their recent paths diverged sharply: over the last 12 months EVI outperformed by 53.7 percentage points (-46.0% for EVI against -99.7% for LGCL). Note the risk asymmetry: LGCL runs 3.2 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.
EVI vs LGCL: side by side
| EVI (EVI Industries, Inc.) | LGCL (Lucas GC Limited - Class A) | |
|---|---|---|
| 1-year return | -46.0% | -99.7% |
| 5-year return | -38.2% | n/a |
| Volatility (ann.) | 50.2% | 159.1% |
| Beta vs S&P 500 | 1.05 | 1.88 |
| Max drawdown (3Y) | -59.0% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 32.7 | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVI | LGCL |
|---|---|---|
| 2022 | -23.6% | – |
| 2023 | +0.5% | – |
| 2024 | -30.0% | – |
| 2025 | +52.2% | -91.0% |
| 2026 | -40.3% | -97.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVI and LGCL good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVI and LGCL?
The EVI/LGCL correlation stands at 0.30 on a 3-year window (1 year: 0.41, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LGCL a good diversifier for EVI?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/evi-vs-lgcl.json
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[](https://www.pairbook.io/pair/evi-vs-lgcl/)
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Related comparisons
Hubs: EVI correlations · LGCL correlations
