LIVE vs NKTR: Correlation
Measured on weekly returns over the past three years, Live Ventures Incorporated (LIVE) and Nektar Therapeutics (NKTR) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVE and NKTR?
Over the past 3 years, LIVE and NKTR moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.37 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 5285.2 %².
Within LIVE's tracked universe of 15 assets, NKTR comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NKTR outperformed by 207.7 percentage points (-53.1% for LIVE against +154.6% for NKTR). Note the risk asymmetry: NKTR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LIVE vs NKTR: side by side
| LIVE (Live Ventures Incorporated) | NKTR (Nektar Therapeutics) | |
|---|---|---|
| 1-year return | -53.1% | +154.6% |
| 5-year return | -76.0% | -67.2% |
| Volatility (ann.) | 94.6% | 152.4% |
| Beta vs S&P 500 | 0.30 | 3.24 |
| Max drawdown (3Y) | -76.8% | -73.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVE | NKTR |
|---|---|---|
| 2022 | -0.7% | -83.3% |
| 2023 | -18.8% | -75.2% |
| 2024 | -63.3% | +66.1% |
| 2025 | +58.6% | +203.1% |
| 2026 | -37.1% | +76.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVE and NKTR good diversifiers for each other?
Reasonably. At 0.37, LIVE and NKTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIVE and NKTR?
The LIVE/NKTR correlation stands at 0.37 on a 3-year window (1 year: -0.03, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is NKTR a good diversifier for LIVE?
Reasonably. At 0.37, LIVE and NKTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/live-vs-nktr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/live-vs-nktr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIVE correlations · NKTR correlations
