KEYS vs LWLG: Correlation
Keysight Technologies (KEYS) and Lightwave Logic, Inc. (LWLG) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and LWLG?
Over the past 3 years, KEYS and LWLG moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1692.9 %².
Within KEYS's tracked universe of 43 assets, LWLG comes in at #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KEYS outperformed by 34.3 percentage points (+97.4% for KEYS against +63.1% for LWLG). Note the risk asymmetry: LWLG runs 3.0 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.
KEYS vs LWLG: side by side
| KEYS (Keysight Technologies) | LWLG (Lightwave Logic, Inc.) | |
|---|---|---|
| 1-year return | +97.4% | +63.1% |
| 5-year return | +81.9% | -48.5% |
| Volatility (ann.) | 36.8% | 110.8% |
| Beta vs S&P 500 | 1.58 | 2.43 |
| Max drawdown (3Y) | -31.4% | -87.7% |
| Market cap | $55.5B | $0.9B |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | LWLG |
|---|---|---|
| 2022 | -17.2% | -71.0% |
| 2023 | -7.0% | +15.5% |
| 2024 | +1.0% | -57.8% |
| 2025 | +26.5% | +54.3% |
| 2026 | +60.4% | +81.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and LWLG 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 KEYS and LWLG?
The KEYS/LWLG correlation stands at 0.42 on a 3-year window (1 year: 0.41, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LWLG a good diversifier for KEYS?
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?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/keys-vs-lwlg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/keys-vs-lwlg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEYS correlations · LWLG correlations
