LIDR vs REPL: Correlation
How closely do AEye, Inc. (LIDR) and Replimune Group, Inc. (REPL) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and REPL?
Over the past 3 years, LIDR and REPL moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.28). Over 5 years the correlation is -0.23, and the annualized covariance of weekly returns is -9021.6 %².
Out of 14 assets tracked against LIDR, REPL lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months REPL outperformed by 242.4 percentage points (-60.3% for LIDR against +182.1% for REPL).
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 REPL: side by side
| LIDR (AEye, Inc.) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | -60.3% | +182.1% |
| 5-year return | -99.6% | -50.4% |
| Volatility (ann.) | 211.5% | 153.7% |
| Beta vs S&P 500 | 2.26 | 0.48 |
| Max drawdown (3Y) | -93.9% | -92.0% |
| Market cap | $0.1B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIDR | REPL |
|---|---|---|
| 2022 | -90.1% | +0.4% |
| 2023 | -84.1% | -69.0% |
| 2024 | -44.5% | +43.7% |
| 2025 | +44.9% | -19.7% |
| 2026 | -34.8% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and REPL good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIDR and REPL?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with 0.02 over the last year and -0.23 over 5 years.
Is REPL a good diversifier for LIDR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lidr-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIDR correlations · REPL correlations
