LSAK vs TVC: Correlation
Lesaka Technologies, Inc. (LSAK) and Tennessee Valley Authority (TVC) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and TVC?
On 3 years of weekly data the LSAK/TVC correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.20 over 3 years. The 5-year figure is 0.07, and annualized covariance runs at -35.0 %².
Within LSAK's tracked universe of 15 assets, TVC comes in at #9 by 3-year correlation. On 12-month performance TVC holds a 7.1-point edge, -3.8% against +3.3%. Note the risk asymmetry: LSAK runs 5.6 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 TVC: side by side
| LSAK (Lesaka Technologies, Inc.) | TVC (Tennessee Valley Authority) | |
|---|---|---|
| 1-year return | -3.8% | +3.3% |
| 5-year return | +6.3% | +3.0% |
| Volatility (ann.) | 31.0% | 5.5% |
| Beta vs S&P 500 | 0.20 | 0.06 |
| Max drawdown (3Y) | -33.2% | -5.1% |
| 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 | TVC |
|---|---|---|
| 2022 | -14.5% | -13.3% |
| 2023 | -28.8% | +6.5% |
| 2024 | +68.2% | -0.5% |
| 2025 | -12.5% | +9.2% |
| 2026 | -4.4% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and TVC good diversifiers for each other?
Yes. With a correlation of -0.20, LSAK and TVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LSAK and TVC?
The LSAK/TVC correlation stands at -0.20 on a 3-year window (1 year: -0.04, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is TVC a good diversifier for LSAK?
Yes. With a correlation of -0.20, LSAK and TVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-tvc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lsak-vs-tvc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSAK correlations · TVC correlations
