LUMN vs PCRX: Correlation
How closely do Lumen Technologies, Inc. (LUMN) and Pacira BioSciences, Inc. (PCRX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUMN and PCRX?
Across a 3-year window, the weekly returns of LUMN and PCRX correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -1032.6 %².
Out of 11 assets tracked against LUMN, PCRX lands near the bottom at #10. The last year tells two different stories: LUMN led by 17.6 percentage points, +16.5% for LUMN against -1.1% for PCRX. Risk is not evenly split, since LUMN carries 1.9 times the volatility of the other side.
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.
LUMN vs PCRX: side by side
| LUMN (Lumen Technologies, Inc.) | PCRX (Pacira BioSciences, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | -1.1% |
| 5-year return | -44.0% | -56.2% |
| Volatility (ann.) | 95.4% | 50.0% |
| Beta vs S&P 500 | 0.90 | 0.71 |
| Max drawdown (3Y) | -69.7% | -67.9% |
| Market cap | $6.3B | $1.0B |
| P/E (trailing) | – | 73.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUMN | PCRX |
|---|---|---|
| 2022 | -55.5% | -35.8% |
| 2023 | -64.9% | -12.6% |
| 2024 | +190.2% | -44.2% |
| 2025 | +46.3% | +37.4% |
| 2026 | -21.0% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUMN and PCRX good diversifiers for each other?
Yes. With a correlation of -0.22, LUMN and PCRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LUMN and PCRX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.13 over the last year and -0.10 over 5 years.
Is PCRX a good diversifier for LUMN?
Yes. With a correlation of -0.22, LUMN and PCRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/lumn-vs-pcrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lumn-vs-pcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUMN correlations · PCRX correlations
