IPSC vs LONA: Correlation
Century Therapeutics, Inc. (IPSC) and LeonaBio, Inc. (LONA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPSC and LONA?
Across a 3-year window, the weekly returns of IPSC and LONA correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 4584.8 %².
Within IPSC's tracked universe of 15 assets, LONA comes in at #7 by 3-year correlation. The last year tells two different stories: IPSC led by 235.8 percentage points, +333.0% for IPSC against +97.2% for LONA.
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.
IPSC vs LONA: side by side
| IPSC (Century Therapeutics, Inc.) | LONA (LeonaBio, Inc.) | |
|---|---|---|
| 1-year return | +333.0% | +97.2% |
| 5-year return | -90.7% | -92.6% |
| Volatility (ann.) | 111.4% | 104.6% |
| Beta vs S&P 500 | 2.01 | 1.80 |
| Max drawdown (3Y) | -92.7% | -94.5% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPSC | LONA |
|---|---|---|
| 2022 | -67.7% | -75.7% |
| 2023 | -35.3% | -23.3% |
| 2024 | -69.6% | -75.8% |
| 2025 | -1.5% | +29.0% |
| 2026 | +124.1% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPSC and LONA good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IPSC and LONA?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.32 over the last year and 0.36 over 5 years.
Is LONA a good diversifier for IPSC?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipsc-vs-lona.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipsc-vs-lona/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IPSC correlations · LONA correlations
