LIDR vs LNZA: Correlation
How closely do AEye, Inc. (LIDR) and LanzaTech Global, Inc. (LNZA) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and LNZA?
Over the past 3 years, LIDR and LNZA moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 14613.6 %².
Among the 14 assets we track against LIDR, LNZA ranks #5 by 3-year correlation. The trailing year gives LIDR the advantage: -60.3% versus -72.1%, a 11.8-point spread.
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.
LIDR vs LNZA: side by side
| LIDR (AEye, Inc.) | LNZA (LanzaTech Global, Inc.) | |
|---|---|---|
| 1-year return | -60.3% | -72.1% |
| 5-year return | -99.6% | -99.4% |
| Volatility (ann.) | 211.5% | 146.7% |
| Beta vs S&P 500 | 2.26 | 1.84 |
| Max drawdown (3Y) | -93.9% | -99.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 0.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIDR | LNZA |
|---|---|---|
| 2022 | -90.1% | +3.3% |
| 2023 | -84.1% | -49.6% |
| 2024 | -44.5% | -72.8% |
| 2025 | +44.9% | -90.0% |
| 2026 | -34.8% | -54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and LNZA good diversifiers for each other?
Reasonably. At 0.47, LIDR and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIDR and LNZA?
The LIDR/LNZA correlation stands at 0.47 on a 3-year window (1 year: 0.39, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LNZA a good diversifier for LIDR?
Reasonably. At 0.47, LIDR and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LIDR correlations · LNZA correlations
