LSAK vs PLAG: Correlation
How closely do Lesaka Technologies, Inc. (LSAK) and Planet Green Holdings Corp. (PLAG) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and PLAG?
Over the past 3 years, LSAK and PLAG moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -1279.2 %².
PLAG is close to the least connected end of LSAK's tracked universe, ranking #15 of 15. The last year tells two different stories: LSAK led by 55.3 percentage points, -3.8% for LSAK against -59.1% for PLAG. Note the risk asymmetry: PLAG runs 5.2 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.
LSAK vs PLAG: side by side
| LSAK (Lesaka Technologies, Inc.) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -3.8% | -59.1% |
| 5-year return | +6.3% | -94.2% |
| Volatility (ann.) | 31.0% | 160.4% |
| Beta vs S&P 500 | 0.20 | -0.67 |
| Max drawdown (3Y) | -33.2% | -93.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSAK | PLAG |
|---|---|---|
| 2022 | -14.5% | -39.2% |
| 2023 | -28.8% | -21.0% |
| 2024 | +68.2% | -46.9% |
| 2025 | -12.5% | -15.8% |
| 2026 | -4.4% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and PLAG good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LSAK and PLAG?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.28 over the last year and -0.10 over 5 years.
Is PLAG a good diversifier for LSAK?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/lsak-vs-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lsak-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: LSAK correlations · PLAG correlations
