LPA vs NTNX: Correlation
Logistic Properties of the Americas (LPA) and Nutanix, Inc. (NTNX) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and NTNX?
On 3 years of weekly data the LPA/NTNX correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.16) runs above the 3-year figure (-0.34). The 5-year figure is n/a, and annualized covariance runs at -8736.2 %².
NTNX is close to the least connected end of LPA's tracked universe, ranking #19 of 21. The last year tells two different stories: NTNX led by 52.6 percentage points, -52.3% for LPA against +0.3% for NTNX. Note the risk asymmetry: LPA runs 11.9 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.
LPA vs NTNX: side by side
| LPA (Logistic Properties of the Americas) | NTNX (Nutanix, Inc.) | |
|---|---|---|
| 1-year return | -52.3% | +0.3% |
| 5-year return | n/a | +90.4% |
| Volatility (ann.) | 540.6% | 45.6% |
| Beta vs S&P 500 | -0.73 | 1.28 |
| Max drawdown (3Y) | -99.1% | -58.6% |
| Market cap | $0.1B | $18.9B |
| P/E (trailing) | 5.7 | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPA | NTNX |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +83.1% |
| 2024 | – | +28.3% |
| 2025 | -74.5% | -15.5% |
| 2026 | +12.5% | +35.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and NTNX good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between LPA and NTNX?
As of 2026-08-27, the correlation of weekly returns between LPA and NTNX is -0.34 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is NTNX a good diversifier for LPA?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/lpa-vs-ntnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lpa-vs-ntnx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LPA correlations · NTNX correlations
