LIDR vs SVRN: Correlation
AEye, Inc. (LIDR) and OceanPal Inc. (SVRN) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and SVRN?
Over the past 3 years, LIDR and SVRN moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.16 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -8290.3 %².
Out of 14 assets tracked against LIDR, SVRN lands near the bottom at #11. On 12-month performance LIDR holds a 11.9-point edge, -60.3% against -72.2%.
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 SVRN: side by side
| LIDR (AEye, Inc.) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | -60.3% | -72.2% |
| 5-year return | -99.6% | -100.0% |
| Volatility (ann.) | 211.5% | 153.9% |
| Beta vs S&P 500 | 2.26 | 0.71 |
| Max drawdown (3Y) | -93.9% | -99.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIDR | SVRN |
|---|---|---|
| 2022 | -90.1% | -99.4% |
| 2023 | -84.1% | -90.0% |
| 2024 | -44.5% | -48.0% |
| 2025 | +44.9% | -96.3% |
| 2026 | -34.8% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and SVRN good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between LIDR and SVRN?
The LIDR/SVRN correlation stands at -0.25 on a 3-year window (1 year: -0.16, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is SVRN a good diversifier for LIDR?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LIDR correlations · SVRN correlations
