LICN vs TDY: Correlation
Measured on weekly returns over the past three years, Lichen International Limited - Class A (LICN) and Teledyne Technologies (TDY) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and TDY?
Over the past 3 years, LICN and TDY moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -32302.7 %².
By 3-year correlation, TDY places #28 of the 85 assets tracked against LICN. The last year tells two different stories: TDY led by 90.4 percentage points, -74.7% for LICN against +15.7% for TDY. Note the risk asymmetry: LICN runs 387.6 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 TDY: side by side
| LICN (Lichen International Limited - Class A) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | -74.7% | +15.7% |
| 5-year return | n/a | +36.5% |
| Volatility (ann.) | 8528.0% | 22.0% |
| Beta vs S&P 500 | -80.22 | 0.76 |
| Max drawdown (3Y) | -98.4% | -18.8% |
| Market cap | – | $29.0B |
| P/E (trailing) | – | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LICN | TDY |
|---|---|---|
| 2022 | – | -8.5% |
| 2023 | – | +11.6% |
| 2024 | -91.0% | +4.0% |
| 2025 | +1484.3% | +10.0% |
| 2026 | -56.7% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and TDY good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and TDY?
As of 2026-08-27, the correlation of weekly returns between LICN and TDY is -0.17 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is TDY a good diversifier for LICN?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · TDY correlations
