LICN vs NPK: Correlation
How closely do Lichen International Limited - Class A (LICN) and National Presto Industries, Inc. (NPK) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and NPK?
Across a 3-year window, the weekly returns of LICN and NPK correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (-0.24). Stretching to 5 years gives n/a, with an annualized covariance of -60371.4 %².
Among the 85 assets we track against LICN, NPK ranks #67 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NPK outperformed by 118.9 percentage points (-74.7% for LICN against +44.2% for NPK). Risk is not evenly split, since LICN carries 295.1 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 NPK: side by side
| LICN (Lichen International Limited - Class A) | NPK (National Presto Industries, Inc.) | |
|---|---|---|
| 1-year return | -74.7% | +44.2% |
| 5-year return | n/a | +115.3% |
| Volatility (ann.) | 8528.0% | 28.9% |
| Beta vs S&P 500 | -80.22 | 0.70 |
| Max drawdown (3Y) | -98.4% | -23.3% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 25.2 |
| Dividend yield | 0.00% | 0.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | NPK |
|---|---|---|
| 2022 | – | -11.8% |
| 2023 | – | +23.8% |
| 2024 | -91.0% | +29.9% |
| 2025 | +1484.3% | +9.6% |
| 2026 | -56.7% | +44.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and NPK good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and NPK?
As of 2026-08-27, the correlation of weekly returns between LICN and NPK is -0.24 over 3 years, 0.22 over 1 year and n/a over 5 years.
Is NPK a good diversifier for LICN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-npk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-npk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · NPK correlations
