LICN vs PLRX: Correlation
How closely do Lichen International Limited - Class A (LICN) and Pliant Therapeutics, Inc. (PLRX) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and PLRX?
On 3 years of weekly data the LICN/PLRX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.21 versus -0.40 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -257565.4 %².
Out of 85 assets tracked against LICN, PLRX lands near the bottom at #84. The last year tells two different stories: PLRX led by 42.7 percentage points, -74.7% for LICN against -32.0% for PLRX. Risk is not evenly split, since LICN carries 114.0 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 PLRX: side by side
| LICN (Lichen International Limited - Class A) | PLRX (Pliant Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -74.7% | -32.0% |
| 5-year return | n/a | -93.6% |
| Volatility (ann.) | 8528.0% | 74.8% |
| Beta vs S&P 500 | -80.22 | 1.32 |
| Max drawdown (3Y) | -98.4% | -94.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | PLRX |
|---|---|---|
| 2022 | – | +43.2% |
| 2023 | – | -6.3% |
| 2024 | -91.0% | -27.3% |
| 2025 | +1484.3% | -90.7% |
| 2026 | -56.7% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and PLRX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and PLRX?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is PLRX a good diversifier for LICN?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
On the −1 to +1 scale, -0.40 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-plrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-plrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · PLRX correlations
