LGCL vs MRCY: Correlation
How closely do Lucas GC Limited - Class A (LGCL) and Mercury Systems Inc (MRCY) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and MRCY?
Over the past 3 years, LGCL and MRCY moved with a correlation of 0.30, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.30 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2487.6 %².
By 3-year correlation, MRCY places #4 of the 15 assets tracked against LGCL. Correlation aside, the last 12 months split them widely, with MRCY ahead by 132.5 points (-99.7% versus +32.8%). Risk is not evenly split, since LGCL carries 3.3 times the volatility of the other side.
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.
LGCL vs MRCY: side by side
| LGCL (Lucas GC Limited - Class A) | MRCY (Mercury Systems Inc) | |
|---|---|---|
| 1-year return | -99.7% | +32.8% |
| 5-year return | n/a | +79.4% |
| Volatility (ann.) | 159.1% | 48.8% |
| Beta vs S&P 500 | 1.88 | 1.23 |
| Max drawdown (3Y) | -100.0% | -35.0% |
| Market cap | – | $5.4B |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGCL | MRCY |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | – | -18.3% |
| 2024 | – | +14.8% |
| 2025 | -91.0% | +73.8% |
| 2026 | -97.5% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGCL and MRCY good diversifiers for each other?
Reasonably. At 0.30, LGCL and MRCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LGCL and MRCY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is MRCY a good diversifier for LGCL?
Reasonably. At 0.30, LGCL and MRCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LGCL correlations · MRCY correlations
