LGCL vs TLPH: Correlation
Measured on weekly returns over the past three years, Lucas GC Limited - Class A (LGCL) and Talphera, Inc. (TLPH) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and TLPH?
Over the past 3 years, LGCL and TLPH moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2882.9 %².
Within LGCL's tracked universe of 15 assets, TLPH comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TLPH outperformed by 227.5 percentage points (-99.7% for LGCL against +127.8% for TLPH). Note the risk asymmetry: LGCL runs 1.8 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 TLPH: side by side
| LGCL (Lucas GC Limited - Class A) | TLPH (Talphera, Inc.) | |
|---|---|---|
| 1-year return | -99.7% | +127.8% |
| 5-year return | n/a | -94.6% |
| Volatility (ann.) | 159.1% | 88.9% |
| Beta vs S&P 500 | 1.88 | 1.27 |
| Max drawdown (3Y) | -100.0% | -73.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGCL | TLPH |
|---|---|---|
| 2022 | – | -79.8% |
| 2023 | – | -67.3% |
| 2024 | – | -29.7% |
| 2025 | -91.0% | +119.2% |
| 2026 | -97.5% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGCL and TLPH good diversifiers for each other?
Yes. With a correlation of -0.22, LGCL and TLPH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LGCL and TLPH?
The LGCL/TLPH correlation stands at -0.22 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TLPH a good diversifier for LGCL?
Yes. With a correlation of -0.22, LGCL and TLPH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-tlph.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lgcl-vs-tlph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LGCL correlations · TLPH correlations
