LSPD vs PAR: Correlation
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and PAR Technology Corporation (PAR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and PAR?
Across a 3-year window, the weekly returns of LSPD and PAR correlate at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.54 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 1468.5 %².
Within LSPD's tracked universe of 17 assets, PAR comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LSPD ahead by 51.6 points (-11.6% versus -63.2%).
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.
LSPD vs PAR: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | -11.6% | -63.2% |
| 5-year return | -90.0% | -71.7% |
| Volatility (ann.) | 48.1% | 56.2% |
| Beta vs S&P 500 | 1.83 | 1.72 |
| Max drawdown (3Y) | -62.7% | -85.4% |
| Market cap | $1.4B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSPD | PAR |
|---|---|---|
| 2022 | -64.6% | -50.6% |
| 2023 | +46.8% | +67.0% |
| 2024 | -27.4% | +66.9% |
| 2025 | -20.7% | -50.1% |
| 2026 | -10.7% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and PAR good diversifiers for each other?
Only partially. A correlation of 0.54 means LSPD and PAR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LSPD and PAR?
The LSPD/PAR correlation stands at 0.54 on a 3-year window (1 year: 0.71, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is PAR a good diversifier for LSPD?
Only partially. A correlation of 0.54 means LSPD and PAR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/lspd-vs-par.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lspd-vs-par/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSPD correlations · PAR correlations
