LSAK vs SMMT: Correlation
Measured on weekly returns over the past three years, Lesaka Technologies, Inc. (LSAK) and Summit Therapeutics Inc. (SMMT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and SMMT?
On 3 years of weekly data the LSAK/SMMT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.21). The 5-year figure is -0.10, and annualized covariance runs at -962.0 %².
SMMT is close to the least connected end of LSAK's tracked universe, ranking #11 of 15. The last year tells two different stories: LSAK led by 38.4 percentage points, -3.8% for LSAK against -42.2% for SMMT. Risk is not evenly split, since SMMT carries 4.9 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.
LSAK vs SMMT: side by side
| LSAK (Lesaka Technologies, Inc.) | SMMT (Summit Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -3.8% | -42.2% |
| 5-year return | +6.3% | +78.5% |
| Volatility (ann.) | 31.0% | 150.4% |
| Beta vs S&P 500 | 0.20 | 2.43 |
| Max drawdown (3Y) | -33.2% | -66.1% |
| Market cap | $0.4B | $11.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSAK | SMMT |
|---|---|---|
| 2022 | -14.5% | +58.0% |
| 2023 | -28.8% | -38.6% |
| 2024 | +68.2% | +583.7% |
| 2025 | -12.5% | -2.0% |
| 2026 | -4.4% | -18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and SMMT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between LSAK and SMMT?
As of 2026-08-27, the correlation of weekly returns between LSAK and SMMT is -0.21 over 3 years, 0.12 over 1 year and -0.10 over 5 years.
Is SMMT a good diversifier for LSAK?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: LSAK correlations · SMMT correlations
