LPTH vs RR: Correlation
How closely do LightPath Technologies, Inc. (LPTH) and Richtech Robotics Inc. (RR) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPTH and RR?
On 3 years of weekly data the LPTH/RR correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. The 5-year figure is n/a, and annualized covariance runs at 4943.1 %².
Within LPTH's tracked universe of 10 assets, RR comes in at #4 by 3-year correlation. The last year tells two different stories: LPTH led by 228.4 percentage points, +187.3% for LPTH against -41.1% for RR. Risk is not evenly split, since RR carries 1.9 times the volatility of the other side.
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.
LPTH vs RR: side by side
| LPTH (LightPath Technologies, Inc.) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | +187.3% | -41.1% |
| 5-year return | +499.6% | n/a |
| Volatility (ann.) | 79.6% | 155.1% |
| Beta vs S&P 500 | 1.33 | 2.22 |
| Max drawdown (3Y) | -61.1% | -96.7% |
| Market cap | $0.9B | $0.4B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPTH | RR |
|---|---|---|
| 2022 | -50.0% | – |
| 2023 | +3.3% | – |
| 2024 | +180.2% | -54.6% |
| 2025 | +205.9% | +19.6% |
| 2026 | +27.7% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPTH and RR good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LPTH and RR?
As of 2026-08-27, the correlation of weekly returns between LPTH and RR is 0.39 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is RR a good diversifier for LPTH?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/lpth-vs-rr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpth-vs-rr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPTH correlations · RR correlations
