LVWR vs PNBK: Correlation
Measured on weekly returns over the past three years, LiveWire Group, Inc. (LVWR) and Patriot National Bancorp Inc. (PNBK) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and PNBK?
Over the past 3 years, LVWR and PNBK moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.36). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -9392.1 %².
Out of 17 assets tracked against LVWR, PNBK lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with PNBK ahead by 33.1 points (-65.2% versus -32.1%). Note the risk asymmetry: LVWR runs 2.0 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.
LVWR vs PNBK: side by side
| LVWR (LiveWire Group, Inc.) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | -65.2% | -32.1% |
| 5-year return | -86.0% | -89.0% |
| Volatility (ann.) | 230.4% | 112.5% |
| Beta vs S&P 500 | 2.09 | 0.76 |
| Max drawdown (3Y) | -94.6% | -89.4% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVWR | PNBK |
|---|---|---|
| 2022 | -51.5% | -31.8% |
| 2023 | +133.2% | -63.9% |
| 2024 | -57.5% | -49.3% |
| 2025 | -8.1% | -6.2% |
| 2026 | -69.2% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and PNBK good diversifiers for each other?
Yes. With a correlation of -0.36, LVWR and PNBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LVWR and PNBK?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.05 over the last year and -0.34 over 5 years.
Is PNBK a good diversifier for LVWR?
Yes. With a correlation of -0.36, LVWR and PNBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/lvwr-vs-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvwr-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVWR correlations · PNBK correlations
