LAKE vs RZLT: Correlation
How closely do Lakeland Industries, Inc. (LAKE) and Rezolute, Inc. (RZLT) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAKE and RZLT?
Across a 3-year window, the weekly returns of LAKE and RZLT correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 1950.8 %².
Among the 12 assets we track against LAKE, RZLT sits near the bottom by co-movement, at rank #8. The trailing year gives LAKE the advantage: -22.5% versus -30.8%, a 8.3-point spread. Note the risk asymmetry: RZLT 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.
LAKE vs RZLT: side by side
| LAKE (Lakeland Industries, Inc.) | RZLT (Rezolute, Inc.) | |
|---|---|---|
| 1-year return | -22.5% | -30.8% |
| 5-year return | -49.3% | -47.6% |
| Volatility (ann.) | 55.0% | 103.6% |
| Beta vs S&P 500 | 1.32 | 0.65 |
| Max drawdown (3Y) | -71.2% | -87.2% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAKE | RZLT |
|---|---|---|
| 2022 | -38.7% | -56.7% |
| 2023 | +40.6% | -52.0% |
| 2024 | +38.7% | +393.5% |
| 2025 | -65.2% | -51.8% |
| 2026 | +35.2% | +111.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAKE and RZLT good diversifiers for each other?
Reasonably. At 0.34, LAKE and RZLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAKE and RZLT?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.33 over the last year and 0.28 over 5 years.
Is RZLT a good diversifier for LAKE?
Reasonably. At 0.34, LAKE and RZLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/lake-vs-rzlt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lake-vs-rzlt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAKE correlations · RZLT correlations
