HUDI vs LNSR: Correlation
Measured on weekly returns over the past three years, Huadi International Group Co., Ltd. (HUDI) and LENSAR, Inc. (LNSR) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUDI and LNSR?
Across a 3-year window, the weekly returns of HUDI and LNSR correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.36 over 3 years. Stretching to 5 years gives 0.07, with an annualized covariance of 1415.6 %².
LNSR is one of the assets that tracks HUDI most closely: it ranks #3 out of the 10 assets we track against HUDI. On 12-month performance LNSR holds a 8.4-point edge, -39.0% against -30.6%.
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.
HUDI vs LNSR: side by side
| HUDI (Huadi International Group Co., Ltd.) | LNSR (LENSAR, Inc.) | |
|---|---|---|
| 1-year return | -39.0% | -30.6% |
| 5-year return | -78.4% | +5.0% |
| Volatility (ann.) | 56.1% | 70.5% |
| Beta vs S&P 500 | 0.78 | 1.09 |
| Max drawdown (3Y) | -83.4% | -70.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 42.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUDI | LNSR |
|---|---|---|
| 2022 | -84.1% | -50.6% |
| 2023 | -40.2% | +18.6% |
| 2024 | -42.9% | +154.7% |
| 2025 | -35.4% | +30.1% |
| 2026 | -24.8% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUDI and LNSR good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HUDI and LNSR?
As of 2026-08-27, the correlation of weekly returns between HUDI and LNSR is 0.36 over 3 years, 0.49 over 1 year and 0.07 over 5 years.
Is LNSR a good diversifier for HUDI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: HUDI correlations · LNSR correlations
