LPA vs VEEV: Correlation
Logistic Properties of the Americas (LPA) and Veeva Systems (VEEV) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and VEEV?
On 3 years of weekly data the LPA/VEEV correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.22 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -4792.8 %².
Within LPA's tracked universe of 21 assets, VEEV comes in at #14 by 3-year correlation. The last year tells two different stories: VEEV led by 48.4 percentage points, -52.3% for LPA against -3.9% for VEEV. Note the risk asymmetry: LPA runs 13.5 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.
LPA vs VEEV: side by side
| LPA (Logistic Properties of the Americas) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | -52.3% | -3.9% |
| 5-year return | n/a | -15.2% |
| Volatility (ann.) | 540.6% | 40.0% |
| Beta vs S&P 500 | -0.73 | 0.99 |
| Max drawdown (3Y) | -99.1% | -50.5% |
| Market cap | $0.1B | $45.8B |
| P/E (trailing) | 5.7 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | LPA | VEEV |
|---|---|---|
| 2022 | – | -36.8% |
| 2023 | – | +19.3% |
| 2024 | – | +9.2% |
| 2025 | -74.5% | +6.2% |
| 2026 | +12.5% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and VEEV 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 LPA and VEEV?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.02 over the last year and n/a over 5 years.
Is VEEV a good diversifier for LPA?
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/lpa-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpa-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPA correlations · VEEV correlations
