LGCL vs T: Correlation
Lucas GC Limited - Class A (LGCL) and AT&T (T) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and T?
Over the past 3 years, LGCL and T moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.23 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -805.5 %².
T is close to the least connected end of LGCL's tracked universe, ranking #11 of 15. The last year tells two different stories: T led by 91.3 percentage points, -99.7% for LGCL against -8.4% for T. Note the risk asymmetry: LGCL runs 7.1 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 T: side by side
| LGCL (Lucas GC Limited - Class A) | T (AT&T) | |
|---|---|---|
| 1-year return | -99.7% | -8.4% |
| 5-year return | n/a | +67.2% |
| Volatility (ann.) | 159.1% | 22.4% |
| Beta vs S&P 500 | 1.88 | 0.05 |
| Max drawdown (3Y) | -100.0% | -28.9% |
| Market cap | – | $174.3B |
| P/E (trailing) | 0.1 | 8.4 |
| Dividend yield | 0.00% | 4.29% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LGCL | T |
|---|---|---|
| 2022 | – | +6.5% |
| 2023 | – | -2.7% |
| 2024 | – | +44.1% |
| 2025 | -91.0% | +14.0% |
| 2026 | -97.5% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGCL and T good diversifiers for each other?
Yes. With a correlation of -0.23, LGCL and T have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LGCL and T?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is T a good diversifier for LGCL?
Yes. With a correlation of -0.23, LGCL and T have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: LGCL correlations · T correlations
