LIDR vs ZOOZ: Correlation
AEye, Inc. (LIDR) and ZOOZ Strategy Ltd. (ZOOZ) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and ZOOZ?
On 3 years of weekly data the LIDR/ZOOZ correlation comes out at 0.68, strong. The past 12 months show a weaker link (0.20) than the 3-year average (0.68). The 5-year figure is n/a, and annualized covariance runs at 22938.5 %².
Few assets follow LIDR as closely as ZOOZ, which ranks #2 of 14 tracked partners. The last year tells two different stories: LIDR led by 18.6 percentage points, -60.3% for LIDR against -78.9% for ZOOZ.
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 ZOOZ: side by side
| LIDR (AEye, Inc.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -60.3% | -78.9% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 211.5% | 147.3% |
| Beta vs S&P 500 | 2.26 | 1.83 |
| Max drawdown (3Y) | -93.9% | -93.9% |
| 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 | ZOOZ |
|---|---|---|
| 2022 | -90.1% | – |
| 2023 | -84.1% | – |
| 2024 | -44.5% | – |
| 2025 | +44.9% | -82.1% |
| 2026 | -34.8% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and ZOOZ good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LIDR and ZOOZ?
As of 2026-08-27, the correlation of weekly returns between LIDR and ZOOZ is 0.68 over 3 years, 0.20 over 1 year and n/a over 5 years.
Is ZOOZ a good diversifier for LIDR?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lidr-vs-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lidr-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIDR correlations · ZOOZ correlations
