IMCC vs LVWR: Correlation
Measured on weekly returns over the past three years, IM Cannabis Corp. (IMCC) and LiveWire Group, Inc. (LVWR) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and LVWR?
Over the past 3 years, IMCC and LVWR moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 24646.3 %².
Few assets follow IMCC as closely as LVWR, which ranks #3 of 14 tracked partners. The last year tells two different stories: LVWR led by 29.0 percentage points, -94.2% for IMCC against -65.2% for LVWR.
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.
IMCC vs LVWR: side by side
| IMCC (IM Cannabis Corp.) | LVWR (LiveWire Group, Inc.) | |
|---|---|---|
| 1-year return | -94.2% | -65.2% |
| 5-year return | -99.9% | -86.0% |
| Volatility (ann.) | 174.2% | 230.4% |
| Beta vs S&P 500 | 1.11 | 2.09 |
| Max drawdown (3Y) | -98.4% | -94.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMCC | LVWR |
|---|---|---|
| 2022 | -97.1% | -51.5% |
| 2023 | -63.4% | +133.2% |
| 2024 | +8.8% | -57.5% |
| 2025 | -40.4% | -8.1% |
| 2026 | -90.6% | -69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and LVWR good diversifiers for each other?
Only partially. A correlation of 0.61 means IMCC and LVWR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IMCC and LVWR?
As of 2026-08-27, the correlation of weekly returns between IMCC and LVWR is 0.61 over 3 years, -0.03 over 1 year and 0.56 over 5 years.
Is LVWR a good diversifier for IMCC?
Only partially. A correlation of 0.61 means IMCC and LVWR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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/imcc-vs-lvwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imcc-vs-lvwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMCC correlations · LVWR correlations
