LICN vs LXRX: Correlation
How closely do Lichen International Limited - Class A (LICN) and Lexicon Pharmaceuticals, Inc. (LXRX) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and LXRX?
Over the past 3 years, LICN and LXRX moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -225788.2 %².
Within LICN's tracked universe of 85 assets, LXRX comes in at #70 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LXRX ahead by 180.0 points (-74.7% versus +105.3%). Note the risk asymmetry: LICN runs 81.1 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.
LICN vs LXRX: side by side
| LICN (Lichen International Limited - Class A) | LXRX (Lexicon Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -74.7% | +105.3% |
| 5-year return | n/a | -48.7% |
| Volatility (ann.) | 8528.0% | 105.2% |
| Beta vs S&P 500 | -80.22 | 1.98 |
| Max drawdown (3Y) | -98.4% | -91.9% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | LXRX |
|---|---|---|
| 2022 | – | -51.5% |
| 2023 | – | -19.9% |
| 2024 | -91.0% | -51.6% |
| 2025 | +1484.3% | +55.4% |
| 2026 | -56.7% | +101.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and LXRX 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 LICN and LXRX?
The LICN/LXRX correlation stands at -0.25 on a 3-year window (1 year: 0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LXRX a good diversifier for LICN?
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/licn-vs-lxrx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-lxrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · LXRX correlations
