LUCD vs PAVM: Correlation
Measured on weekly returns over the past three years, Lucid Diagnostics Inc. (LUCD) and PAVmed Inc. (PAVM) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCD and PAVM?
On 3 years of weekly data the LUCD/PAVM correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.34). The 5-year figure is 0.37, and annualized covariance runs at 2210.2 %².
In LUCD's tracked universe of 11 assets, PAVM sits right near the top at #3. Correlation aside, the last 12 months split them widely, with LUCD ahead by 43.0 points (-21.9% versus -64.9%). Note the risk asymmetry: PAVM runs 1.6 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.
LUCD vs PAVM: side by side
| LUCD (Lucid Diagnostics Inc.) | PAVM (PAVmed Inc.) | |
|---|---|---|
| 1-year return | -21.9% | -64.9% |
| 5-year return | -91.6% | -99.8% |
| Volatility (ann.) | 64.4% | 102.0% |
| Beta vs S&P 500 | 0.32 | 1.05 |
| Max drawdown (3Y) | -59.4% | -98.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCD | PAVM |
|---|---|---|
| 2022 | -74.7% | -80.5% |
| 2023 | +3.7% | -42.8% |
| 2024 | -41.9% | -84.8% |
| 2025 | +33.1% | -64.8% |
| 2026 | -9.7% | -23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCD and PAVM good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LUCD and PAVM?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.20 over the last year and 0.37 over 5 years.
Is PAVM a good diversifier for LUCD?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lucd-vs-pavm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lucd-vs-pavm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUCD correlations · PAVM correlations
