LIDR vs PMN: Correlation
AEye, Inc. (LIDR) and ProMIS Neurosciences Inc. (PMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and PMN?
Across a 3-year window, the weekly returns of LIDR and PMN correlate at 0.50, moderate. The past 12 months show a weaker link (-0.04) than the 3-year average (0.50). Stretching to 5 years gives 0.39, with an annualized covariance of 13090.9 %².
PMN is one of the assets that tracks LIDR most closely: it ranks #3 out of the 14 assets we track against LIDR. The last year tells two different stories: PMN led by 65.9 percentage points, -60.3% for LIDR against +5.6% for PMN. Note the risk asymmetry: LIDR runs 1.7 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.
LIDR vs PMN: side by side
| LIDR (AEye, Inc.) | PMN (ProMIS Neurosciences Inc.) | |
|---|---|---|
| 1-year return | -60.3% | +5.6% |
| 5-year return | -99.6% | -94.2% |
| Volatility (ann.) | 211.5% | 122.6% |
| Beta vs S&P 500 | 2.26 | 0.45 |
| Max drawdown (3Y) | -93.9% | -90.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIDR | PMN |
|---|---|---|
| 2022 | -90.1% | -34.2% |
| 2023 | -84.1% | -73.5% |
| 2024 | -44.5% | -17.4% |
| 2025 | +44.9% | -71.2% |
| 2026 | -34.8% | +104.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and PMN good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LIDR and PMN?
The LIDR/PMN correlation stands at 0.50 on a 3-year window (1 year: -0.04, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is PMN a good diversifier for LIDR?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lidr-vs-pmn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lidr-vs-pmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIDR correlations · PMN correlations
