LSTA vs NDLS: Correlation
How closely do Lisata Therapeutics, Inc. (LSTA) and Noodles & Company (NDLS) 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 LSTA and NDLS?
Over the past 3 years, LSTA and NDLS moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2354.2 %².
By 3-year correlation, NDLS places #10 of the 15 assets tracked against LSTA. The last year tells two different stories: NDLS led by 187.2 percentage points, -27.2% for LSTA against +160.0% for NDLS.
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.
LSTA vs NDLS: side by side
| LSTA (Lisata Therapeutics, Inc.) | NDLS (Noodles & Company) | |
|---|---|---|
| 1-year return | -27.2% | +160.0% |
| 5-year return | -90.4% | -85.0% |
| Volatility (ann.) | 91.1% | 98.0% |
| Beta vs S&P 500 | 0.31 | 1.03 |
| Max drawdown (3Y) | -80.4% | -85.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSTA | NDLS |
|---|---|---|
| 2022 | -79.9% | -39.5% |
| 2023 | +7.9% | -42.6% |
| 2024 | +9.2% | -81.6% |
| 2025 | -37.6% | +22.4% |
| 2026 | -2.2% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTA and NDLS good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LSTA and NDLS?
The LSTA/NDLS correlation stands at -0.26 on a 3-year window (1 year: -0.40, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is NDLS a good diversifier for LSTA?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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/lsta-vs-ndls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lsta-vs-ndls/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSTA correlations · NDLS correlations
