KEQU vs LCFY: Correlation
Measured on weekly returns over the past three years, Kewaunee Scientific Corporation (KEQU) and Locafy Limited (LCFY) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEQU and LCFY?
On 3 years of weekly data the KEQU/LCFY correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.42). The 5-year figure is 0.39, and annualized covariance runs at 4343.4 %².
LCFY is one of the assets that tracks KEQU most closely: it ranks #3 out of the 11 assets we track against KEQU. On 12-month performance KEQU holds a 14.9-point edge, -32.0% against -46.9%. Note the risk asymmetry: LCFY runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KEQU vs LCFY: side by side
| KEQU (Kewaunee Scientific Corporation) | LCFY (Locafy Limited) | |
|---|---|---|
| 1-year return | -32.0% | -46.9% |
| 5-year return | +186.6% | -96.6% |
| Volatility (ann.) | 61.0% | 170.8% |
| Beta vs S&P 500 | 0.69 | 2.20 |
| Max drawdown (3Y) | -55.4% | -77.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KEQU | LCFY |
|---|---|---|
| 2022 | +25.6% | – |
| 2023 | +82.3% | +53.8% |
| 2024 | +112.8% | -24.3% |
| 2025 | -39.5% | -59.2% |
| 2026 | +1.5% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEQU and LCFY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KEQU and LCFY?
As of 2026-08-27, the correlation of weekly returns between KEQU and LCFY is 0.42 over 3 years, 0.12 over 1 year and 0.39 over 5 years.
Is LCFY a good diversifier for KEQU?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/kequ-vs-lcfy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kequ-vs-lcfy/)
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Related comparisons
Hubs: KEQU correlations · LCFY correlations
