LNAI vs NFG: Correlation
How closely do Lunai Bioworks Inc. (LNAI) and National Fuel Gas Company (NFG) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNAI and NFG?
Over the past 3 years, LNAI and NFG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.22). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -757.7 %².
By 3-year correlation, NFG places #16 of the 26 assets tracked against LNAI. Correlation aside, the last 12 months split them widely, with NFG ahead by 86.0 points (-88.6% versus -2.6%). Note the risk asymmetry: LNAI runs 8.5 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.
LNAI vs NFG: side by side
| LNAI (Lunai Bioworks Inc.) | NFG (National Fuel Gas Company) | |
|---|---|---|
| 1-year return | -88.6% | -2.6% |
| 5-year return | -99.6% | +87.6% |
| Volatility (ann.) | 169.5% | 20.0% |
| Beta vs S&P 500 | 1.43 | 0.10 |
| Max drawdown (3Y) | -99.6% | -20.9% |
| Market cap | – | $7.9B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 2.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNAI | NFG |
|---|---|---|
| 2022 | -85.9% | +1.9% |
| 2023 | +207.8% | -17.7% |
| 2024 | -73.6% | +25.4% |
| 2025 | -89.4% | +35.3% |
| 2026 | -66.7% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNAI and NFG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNAI and NFG?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.39 over the last year and -0.10 over 5 years.
Is NFG a good diversifier for LNAI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/lnai-vs-nfg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnai-vs-nfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNAI correlations · NFG correlations
