LCFY vs NKTR: Correlation
How closely do Locafy Limited (LCFY) and Nektar Therapeutics (NKTR) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCFY and NKTR?
Over the past 3 years, LCFY and NKTR moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 15874.9 %².
In LCFY's tracked universe of 16 assets, NKTR sits right near the top at #3. The last year tells two different stories: NKTR led by 201.5 percentage points, -46.9% for LCFY against +154.6% for NKTR.
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.
LCFY vs NKTR: side by side
| LCFY (Locafy Limited) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -46.9% | +154.6% |
| 5-year return | -96.6% | -67.2% |
| Volatility (ann.) | 170.8% | 152.4% |
| Beta vs S&P 500 | 2.20 | 3.24 |
| Max drawdown (3Y) | -77.4% | -73.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCFY | NKTR |
|---|---|---|
| 2022 | – | -83.3% |
| 2023 | +53.8% | -75.2% |
| 2024 | -24.3% | +66.1% |
| 2025 | -59.2% | +203.1% |
| 2026 | -18.2% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCFY and NKTR good diversifiers for each other?
To a limited degree. At 0.61 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 LCFY and NKTR?
The LCFY/NKTR correlation stands at 0.61 on a 3-year window (1 year: 0.28, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is NKTR a good diversifier for LCFY?
To a limited degree. At 0.61 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 0.61 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/lcfy-vs-nktr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcfy-vs-nktr/)
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Related comparisons
Hubs: LCFY correlations · NKTR correlations
