LGCL vs RDY: Correlation
Measured on weekly returns over the past three years, Lucas GC Limited - Class A (LGCL) and Dr. Reddy's Laboratories Ltd (RDY) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and RDY?
Over the past 3 years, LGCL and RDY moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -994.6 %².
RDY is close to the least connected end of LGCL's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months RDY outperformed by 85.7 percentage points (-99.7% for LGCL against -14.0% for RDY). Note the risk asymmetry: LGCL runs 6.7 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.
LGCL vs RDY: side by side
| LGCL (Lucas GC Limited - Class A) | RDY (Dr. Reddy's Laboratories Ltd) | |
|---|---|---|
| 1-year return | -99.7% | -14.0% |
| 5-year return | n/a | +1.0% |
| Volatility (ann.) | 159.1% | 23.9% |
| Beta vs S&P 500 | 1.88 | 0.32 |
| Max drawdown (3Y) | -100.0% | -32.0% |
| Market cap | – | $10.1B |
| P/E (trailing) | 0.1 | 29.0 |
| Dividend yield | 0.00% | 65.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGCL | RDY |
|---|---|---|
| 2022 | – | -19.7% |
| 2023 | – | +36.5% |
| 2024 | – | +14.1% |
| 2025 | -91.0% | -10.5% |
| 2026 | -97.5% | -12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGCL and RDY good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between LGCL and RDY?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is RDY a good diversifier for LGCL?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/lgcl-vs-rdy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lgcl-vs-rdy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LGCL correlations · RDY correlations
