LIVE vs URGN: Correlation
How closely do Live Ventures Incorporated (LIVE) and UroGen Pharma Ltd. (URGN) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIVE and URGN?
On 3 years of weekly data the LIVE/URGN correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -2179.5 %².
Among the 15 assets we track against LIVE, URGN sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with URGN ahead by 186.0 points (-53.1% versus +132.9%).
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 URGN: side by side
| LIVE (Live Ventures Incorporated) | URGN (UroGen Pharma Ltd.) | |
|---|---|---|
| 1-year return | -53.1% | +132.9% |
| 5-year return | -76.0% | +157.5% |
| Volatility (ann.) | 94.6% | 88.1% |
| Beta vs S&P 500 | 0.30 | 1.29 |
| Max drawdown (3Y) | -76.8% | -79.7% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIVE | URGN |
|---|---|---|
| 2022 | -0.7% | -6.7% |
| 2023 | -18.8% | +69.1% |
| 2024 | -63.3% | -29.0% |
| 2025 | +58.6% | +119.9% |
| 2026 | -37.1% | +94.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIVE and URGN good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LIVE and URGN?
The LIVE/URGN correlation stands at -0.26 on a 3-year window (1 year: -0.17, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is URGN a good diversifier for LIVE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/live-vs-urgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/live-vs-urgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIVE correlations · URGN correlations
