LITS vs NATH: Correlation
Measured on weekly returns over the past three years, Lite Strategy, Inc. (LITS) and Nathan's Famous, Inc. (NATH) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITS and NATH?
Across a 3-year window, the weekly returns of LITS and NATH correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -589.6 %².
Among the 14 assets we track against LITS, NATH sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months NATH outperformed by 75.1 percentage points (-80.6% for LITS against -5.5% for NATH). Risk is not evenly split, since LITS carries 3.7 times the volatility of the other side.
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.
LITS vs NATH: side by side
| LITS (Lite Strategy, Inc.) | NATH (Nathan's Famous, Inc.) | |
|---|---|---|
| 1-year return | -80.6% | -5.5% |
| 5-year return | -97.7% | +68.7% |
| Volatility (ann.) | 93.2% | 25.3% |
| Beta vs S&P 500 | 0.44 | 0.50 |
| Max drawdown (3Y) | -89.2% | -19.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LITS | NATH |
|---|---|---|
| 2022 | -91.0% | +18.7% |
| 2023 | +55.6% | +19.2% |
| 2024 | -57.6% | +3.5% |
| 2025 | -46.3% | +24.6% |
| 2026 | -24.2% | +5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITS and NATH good diversifiers for each other?
Yes. With a correlation of -0.25, LITS and NATH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITS and NATH?
The LITS/NATH correlation stands at -0.25 on a 3-year window (1 year: -0.20, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is NATH a good diversifier for LITS?
Yes. With a correlation of -0.25, LITS and NATH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lits-vs-nath.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lits-vs-nath/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LITS correlations · NATH correlations
