LION vs SUNE: Correlation
Measured on weekly returns over the past three years, Lionsgate Studios Corp (LION) and SUNation Energy, Inc. (SUNE) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LION and SUNE?
Over the past 3 years, LION and SUNE moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1827.0 %².
Out of 10 assets tracked against LION, SUNE lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months LION outperformed by 32.2 percentage points (+78.9% for LION against +46.7% for SUNE). One caveat on sizing: SUNE is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LION vs SUNE: side by side
| LION (Lionsgate Studios Corp) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | +78.9% | +46.7% |
| 5-year return | +19.0% | -100.0% |
| Volatility (ann.) | 46.5% | 189.9% |
| Beta vs S&P 500 | 0.70 | -0.81 |
| Max drawdown (3Y) | -55.4% | -100.0% |
| Market cap | $3.4B | – |
| P/E (trailing) | – | 1.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LION | SUNE |
|---|---|---|
| 2022 | – | -75.7% |
| 2023 | +6.6% | -74.7% |
| 2024 | -28.3% | -99.4% |
| 2025 | +20.1% | -99.8% |
| 2026 | +26.4% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LION and SUNE good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between LION and SUNE?
As of 2026-08-27, the correlation of weekly returns between LION and SUNE is -0.21 over 3 years, -0.22 over 1 year and -0.13 over 5 years.
Is SUNE a good diversifier for LION?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/lion-vs-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lion-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LION correlations · SUNE correlations
