LUCD vs WLDS: Correlation
Lucid Diagnostics Inc. (LUCD) and Wearable Devices Ltd. (WLDS) 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 LUCD and WLDS?
Across a 3-year window, the weekly returns of LUCD and WLDS correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.20 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -6079.8 %².
Out of 11 assets tracked against LUCD, WLDS lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with LUCD ahead by 54.6 points (-21.9% versus -76.5%). One caveat on sizing: WLDS is 7.4 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.
LUCD vs WLDS: side by side
| LUCD (Lucid Diagnostics Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -21.9% | -76.5% |
| 5-year return | -91.6% | n/a |
| Volatility (ann.) | 64.4% | 475.5% |
| Beta vs S&P 500 | 0.32 | 3.22 |
| Max drawdown (3Y) | -59.4% | -99.8% |
| 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 | WLDS |
|---|---|---|
| 2022 | -74.7% | – |
| 2023 | +3.7% | -21.1% |
| 2024 | -41.9% | -68.3% |
| 2025 | +33.1% | -86.9% |
| 2026 | -9.7% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCD and WLDS good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between LUCD and WLDS?
The LUCD/WLDS correlation stands at -0.20 on a 3-year window (1 year: -0.47, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is WLDS a good diversifier for LUCD?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lucd-vs-wlds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LUCD correlations · WLDS correlations
