LIDR vs PGC: Correlation
Measured on weekly returns over the past three years, AEye, Inc. (LIDR) and Peapack-Gl (PGC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and PGC?
Over the past 3 years, LIDR and PGC moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -1422.7 %².
Among the 14 assets we track against LIDR, PGC sits near the bottom by co-movement, at rank #10. The last year tells two different stories: PGC led by 118.0 percentage points, -60.3% for LIDR against +57.7% for PGC. Risk is not evenly split, since LIDR carries 6.1 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.
LIDR vs PGC: side by side
| LIDR (AEye, Inc.) | PGC (Peapack-Gl) | |
|---|---|---|
| 1-year return | -60.3% | +57.7% |
| 5-year return | -99.6% | +41.8% |
| Volatility (ann.) | 211.5% | 34.4% |
| Beta vs S&P 500 | 2.26 | 0.88 |
| Max drawdown (3Y) | -93.9% | -34.2% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.00% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIDR | PGC |
|---|---|---|
| 2022 | -90.1% | +5.7% |
| 2023 | -84.1% | -19.3% |
| 2024 | -44.5% | +8.3% |
| 2025 | +44.9% | -12.5% |
| 2026 | -34.8% | +62.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and PGC good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIDR and PGC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.23 over the last year and -0.09 over 5 years.
Is PGC a good diversifier for LIDR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/lidr-vs-pgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lidr-vs-pgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIDR correlations · PGC correlations
