LGVN vs LWLG: Correlation
Longeveron Inc. (LGVN) and Lightwave Logic, Inc. (LWLG) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGVN and LWLG?
Across a 3-year window, the weekly returns of LGVN and LWLG correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.31, with an annualized covariance of 8626.4 %².
Few assets follow LGVN as closely as LWLG, which ranks #2 of 12 tracked partners. The last year tells two different stories: LWLG led by 80.3 percentage points, -17.2% for LGVN against +63.1% for LWLG. One caveat on sizing: LGVN is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LGVN vs LWLG: side by side
| LGVN (Longeveron Inc.) | LWLG (Lightwave Logic, Inc.) | |
|---|---|---|
| 1-year return | -17.2% | +63.1% |
| 5-year return | -98.0% | -48.5% |
| Volatility (ann.) | 182.2% | 110.8% |
| Beta vs S&P 500 | 1.24 | 2.43 |
| Max drawdown (3Y) | -98.3% | -87.7% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGVN | LWLG |
|---|---|---|
| 2022 | -73.3% | -71.0% |
| 2023 | -57.8% | +15.5% |
| 2024 | -87.3% | -57.8% |
| 2025 | -70.8% | +54.3% |
| 2026 | +34.4% | +81.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGVN and LWLG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LGVN and LWLG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.60 over the last year and 0.31 over 5 years.
Is LWLG a good diversifier for LGVN?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lgvn-vs-lwlg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lgvn-vs-lwlg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LGVN correlations · LWLG correlations
