FNGR vs LVWR: Correlation
FingerMotion, Inc. (FNGR) and LiveWire Group, Inc. (LVWR) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNGR and LVWR?
Across a 3-year window, the weekly returns of FNGR and LVWR correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -4367.0 %².
Out of 10 assets tracked against FNGR, LVWR lands near the bottom at #8. The last year tells two different stories: LVWR led by 24.0 percentage points, -89.2% for FNGR against -65.2% for LVWR. Note the risk asymmetry: LVWR runs 2.4 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.
FNGR vs LVWR: side by side
| FNGR (FingerMotion, Inc.) | LVWR (LiveWire Group, Inc.) | |
|---|---|---|
| 1-year return | -89.2% | -65.2% |
| 5-year return | -96.1% | -86.0% |
| Volatility (ann.) | 94.3% | 230.4% |
| Beta vs S&P 500 | 0.99 | 2.09 |
| Max drawdown (3Y) | -97.9% | -94.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNGR | LVWR |
|---|---|---|
| 2022 | -60.5% | -51.5% |
| 2023 | +43.1% | +133.2% |
| 2024 | -70.1% | -57.5% |
| 2025 | +2.5% | -8.1% |
| 2026 | -85.9% | -69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNGR and LVWR good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNGR and LVWR?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.16 over the last year and -0.05 over 5 years.
Is LVWR a good diversifier for FNGR?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/fngr-vs-lvwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fngr-vs-lvwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNGR correlations · LVWR correlations
