LPCN vs NXST: Correlation
Measured on weekly returns over the past three years, Lipocine Inc. (LPCN) and Nexstar Media Group, Inc. (NXST) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPCN and NXST?
Across a 3-year window, the weekly returns of LPCN and NXST correlate at 0.29, weak. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.29). Stretching to 5 years gives 0.26, with an annualized covariance of 855.2 %².
NXST is one of the assets that tracks LPCN most closely: it ranks #3 out of the 10 assets we track against LPCN. The last year tells two different stories: NXST led by 16.4 percentage points, -25.9% for LPCN against -9.5% for NXST. Note the risk asymmetry: LPCN runs 2.7 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.
LPCN vs NXST: side by side
| LPCN (Lipocine Inc.) | NXST (Nexstar Media Group, Inc.) | |
|---|---|---|
| 1-year return | -25.9% | -9.5% |
| 5-year return | -90.3% | +43.6% |
| Volatility (ann.) | 90.4% | 33.2% |
| Beta vs S&P 500 | 0.69 | 0.63 |
| Max drawdown (3Y) | -82.8% | -38.4% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 35.1 |
| Dividend yield | 0.00% | 4.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPCN | NXST |
|---|---|---|
| 2022 | -59.8% | +18.4% |
| 2023 | -58.8% | -7.5% |
| 2024 | +74.9% | +5.0% |
| 2025 | +64.5% | +34.0% |
| 2026 | -72.2% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPCN and NXST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LPCN and NXST?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.41 over the last year and 0.26 over 5 years.
Is NXST a good diversifier for LPCN?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/lpcn-vs-nxst.json
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Related comparisons
Hubs: LPCN correlations · NXST correlations
