LICN vs MEI: Correlation
Lichen International Limited - Class A (LICN) and Methode Electronics, Inc. (MEI) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and MEI?
On 3 years of weekly data the LICN/MEI correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.30). The 5-year figure is n/a, and annualized covariance runs at -199259.0 %².
Among the 85 assets we track against LICN, MEI ranks #78 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEI outperformed by 209.4 percentage points (-74.7% for LICN against +134.7% for MEI). Risk is not evenly split, since LICN carries 111.3 times the volatility of the other side.
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 MEI: side by side
| LICN (Lichen International Limited - Class A) | MEI (Methode Electronics, Inc.) | |
|---|---|---|
| 1-year return | -74.7% | +134.7% |
| 5-year return | n/a | -56.2% |
| Volatility (ann.) | 8528.0% | 76.6% |
| Beta vs S&P 500 | -80.22 | 1.94 |
| Max drawdown (3Y) | -98.4% | -82.7% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | MEI |
|---|---|---|
| 2022 | – | -8.5% |
| 2023 | – | -47.9% |
| 2024 | -91.0% | -46.0% |
| 2025 | +1484.3% | -40.5% |
| 2026 | -56.7% | +172.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and MEI good diversifiers for each other?
Yes. With a correlation of -0.30, LICN and MEI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and MEI?
As of 2026-08-27, the correlation of weekly returns between LICN and MEI is -0.30 over 3 years, -0.10 over 1 year and n/a over 5 years.
Is MEI a good diversifier for LICN?
Yes. With a correlation of -0.30, LICN and MEI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/licn-vs-mei.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/licn-vs-mei/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LICN correlations · MEI correlations
