IKT vs LKFN: Correlation
Inhibikase Therapeutics, Inc. (IKT) and Lakeland Financial Corporation (LKFN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IKT and LKFN?
Over the past 3 years, IKT and LKFN moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.40). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1146.3 %².
LKFN is one of the assets that tracks IKT most closely: it ranks #3 out of the 11 assets we track against IKT. The last year tells two different stories: IKT led by 48.4 percentage points, +38.0% for IKT against -10.4% for LKFN. One caveat on sizing: IKT is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IKT vs LKFN: side by side
| IKT (Inhibikase Therapeutics, Inc.) | LKFN (Lakeland Financial Corporation) | |
|---|---|---|
| 1-year return | +38.0% | -10.4% |
| 5-year return | -81.3% | +4.7% |
| Volatility (ann.) | 94.9% | 29.9% |
| Beta vs S&P 500 | 1.74 | 0.75 |
| Max drawdown (3Y) | -65.4% | -31.7% |
| Market cap | $0.3B | $1.5B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 3.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IKT | LKFN |
|---|---|---|
| 2022 | -66.0% | -7.0% |
| 2023 | -57.7% | -7.8% |
| 2024 | +155.9% | +8.7% |
| 2025 | -36.9% | -14.3% |
| 2026 | +20.5% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IKT and LKFN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IKT and LKFN?
As of 2026-08-27, the correlation of weekly returns between IKT and LKFN is 0.40 over 3 years, 0.09 over 1 year and 0.29 over 5 years.
Is LKFN a good diversifier for IKT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/ikt-vs-lkfn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ikt-vs-lkfn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IKT correlations · LKFN correlations
