LAC vs NUAI: Correlation
How closely do Lithium Americas Corp. (LAC) and New Era Energy & Digital, Inc. (NUAI) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and NUAI?
Over the past 3 years, LAC and NUAI moved with a correlation of 0.52, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.52 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 8832.1 %².
Few assets follow LAC as closely as NUAI, which ranks #3 of 21 tracked partners. Their recent paths diverged sharply: over the last 12 months NUAI outperformed by 919.6 percentage points (+6.4% for LAC against +926.0% for NUAI). Note the risk asymmetry: NUAI runs 1.9 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.
LAC vs NUAI: side by side
| LAC (Lithium Americas Corp.) | NUAI (New Era Energy & Digital, Inc.) | |
|---|---|---|
| 1-year return | +6.4% | +926.0% |
| 5-year return | n/a | -47.8% |
| Volatility (ann.) | 93.5% | 179.9% |
| Beta vs S&P 500 | 1.37 | 1.47 |
| Max drawdown (3Y) | -81.8% | -97.2% |
| Market cap | $1.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | NUAI |
|---|---|---|
| 2023 | – | +5.1% |
| 2024 | -53.6% | -43.6% |
| 2025 | +46.8% | -51.2% |
| 2026 | -27.3% | +75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and NUAI good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LAC and NUAI?
As of 2026-08-27, the correlation of weekly returns between LAC and NUAI is 0.52 over 3 years, 0.64 over 1 year and n/a over 5 years.
Is NUAI a good diversifier for LAC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/lac-vs-nuai.json
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[](https://www.pairbook.io/pair/lac-vs-nuai/)
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Related comparisons
Hubs: LAC correlations · NUAI correlations
