HPE vs LICN: Correlation
Measured on weekly returns over the past three years, Hewlett Packard Enterprise (HPE) and Lichen International Limited - Class A (LICN) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPE and LICN?
Over the past 3 years, HPE and LICN moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.35) than the 3-year average (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -103153.6 %².
LICN is close to the least connected end of HPE's tracked universe, ranking #25 of 28. Their recent paths diverged sharply: over the last 12 months HPE outperformed by 219.1 percentage points (+144.4% for HPE against -74.7% for LICN). Risk is not evenly split, since LICN carries 194.7 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.
HPE vs LICN: side by side
| HPE (Hewlett Packard Enterprise) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +144.4% | -74.7% |
| 5-year return | +309.3% | n/a |
| Volatility (ann.) | 43.8% | 8528.0% |
| Beta vs S&P 500 | 1.47 | -80.22 |
| Max drawdown (3Y) | -48.4% | -98.4% |
| Market cap | $72.0B | – |
| P/E (trailing) | 51.3 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPE | LICN |
|---|---|---|
| 2022 | +4.5% | – |
| 2023 | +9.7% | – |
| 2024 | +29.1% | -91.0% |
| 2025 | +15.5% | +1484.3% |
| 2026 | +128.6% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPE and LICN good diversifiers for each other?
Yes. With a correlation of -0.28, HPE and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HPE and LICN?
The HPE/LICN correlation stands at -0.28 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for HPE?
Yes. With a correlation of -0.28, HPE and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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/hpe-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hpe-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HPE correlations · LICN correlations
