LSAK vs TRVI: Correlation
How closely do Lesaka Technologies, Inc. (LSAK) and Trevi Therapeutics, Inc. (TRVI) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and TRVI?
On 3 years of weekly data the LSAK/TRVI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.19 over 3. The 5-year figure is -0.06, and annualized covariance runs at -472.6 %².
Among the 15 assets we track against LSAK, TRVI ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRVI outperformed by 128.3 percentage points (-3.8% for LSAK against +124.5% for TRVI). One caveat on sizing: TRVI is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TRVI: side by side
| LSAK (Lesaka Technologies, Inc.) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -3.8% | +124.5% |
| 5-year return | +6.3% | +1008.6% |
| Volatility (ann.) | 31.0% | 81.1% |
| Beta vs S&P 500 | 0.20 | 0.55 |
| Max drawdown (3Y) | -33.2% | -54.7% |
| Market cap | $0.4B | $2.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSAK | TRVI |
|---|---|---|
| 2022 | -14.5% | +146.8% |
| 2023 | -28.8% | -30.6% |
| 2024 | +68.2% | +207.5% |
| 2025 | -12.5% | +203.9% |
| 2026 | -4.4% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and TRVI good diversifiers for each other?
Yes. With a correlation of -0.19, LSAK and TRVI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LSAK and TRVI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.26 over the last year and -0.06 over 5 years.
Is TRVI a good diversifier for LSAK?
Yes. With a correlation of -0.19, LSAK and TRVI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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 · TRVI correlations
