HSCS vs LGCL: Correlation
How closely do HeartSciences Inc. (HSCS) and Lucas GC Limited - Class A (LGCL) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSCS and LGCL?
Across a 3-year window, the weekly returns of HSCS and LGCL correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.18 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2797.3 %².
Out of 10 assets tracked against HSCS, LGCL lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with HSCS ahead by 92.0 points (-7.7% versus -99.7%). Risk is not evenly split, since LGCL carries 1.5 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.
HSCS vs LGCL: side by side
| HSCS (HeartSciences Inc.) | LGCL (Lucas GC Limited - Class A) | |
|---|---|---|
| 1-year return | -7.7% | -99.7% |
| 5-year return | -98.7% | n/a |
| Volatility (ann.) | 104.0% | 159.1% |
| Beta vs S&P 500 | 0.88 | 1.88 |
| Max drawdown (3Y) | -98.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HSCS | LGCL |
|---|---|---|
| 2023 | -79.6% | – |
| 2024 | -77.7% | – |
| 2025 | -19.1% | -91.0% |
| 2026 | +1.0% | -97.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSCS and LGCL good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between HSCS and LGCL?
As of 2026-08-27, the correlation of weekly returns between HSCS and LGCL is -0.18 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is LGCL a good diversifier for HSCS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HSCS correlations · LGCL correlations
