HYPR vs LGO: Correlation
Measured on weekly returns over the past three years, Hyperfine, Inc. (HYPR) and Largo Inc. (LGO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYPR and LGO?
On 3 years of weekly data the HYPR/LGO correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.37 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 2233.8 %².
Among the 10 assets we track against HYPR, LGO ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HYPR outperformed by 19.4 percentage points (-31.8% for HYPR against -51.2% for LGO).
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.
HYPR vs LGO: side by side
| HYPR (Hyperfine, Inc.) | LGO (Largo Inc.) | |
|---|---|---|
| 1-year return | -31.8% | -51.2% |
| 5-year return | -91.4% | -94.6% |
| Volatility (ann.) | 82.0% | 72.9% |
| Beta vs S&P 500 | 1.26 | 0.94 |
| Max drawdown (3Y) | -73.7% | -83.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYPR | LGO |
|---|---|---|
| 2022 | -88.4% | -41.9% |
| 2023 | +33.3% | -57.1% |
| 2024 | -21.4% | -25.5% |
| 2025 | +11.2% | -45.3% |
| 2026 | -13.6% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYPR and LGO good diversifiers for each other?
Reasonably. At 0.37, HYPR and LGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HYPR and LGO?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.21 over the last year and 0.29 over 5 years.
Is LGO a good diversifier for HYPR?
Reasonably. At 0.37, HYPR and LGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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: HYPR correlations · LGO correlations
