LWAY vs SKE: Correlation
Lifeway Foods, Inc. (LWAY) and Skeena Resources Limited (SKE) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWAY and SKE?
Over the past 3 years, LWAY and SKE moved with a correlation of 0.34, which is moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.34). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1586.0 %².
Among the 11 assets we track against LWAY, SKE ranks #5 by 3-year correlation. The last year tells two different stories: SKE led by 136.9 percentage points, -14.1% for LWAY against +122.8% for SKE.
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.
LWAY vs SKE: side by side
| LWAY (Lifeway Foods, Inc.) | SKE (Skeena Resources Limited) | |
|---|---|---|
| 1-year return | -14.1% | +122.8% |
| 5-year return | +385.7% | +205.9% |
| Volatility (ann.) | 73.8% | 62.6% |
| Beta vs S&P 500 | 0.75 | 1.42 |
| Max drawdown (3Y) | -60.5% | -36.1% |
| Market cap | $0.4B | $4.4B |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWAY | SKE |
|---|---|---|
| 2022 | +20.7% | -49.0% |
| 2023 | +141.6% | -8.3% |
| 2024 | +84.9% | +78.7% |
| 2025 | -2.3% | +172.1% |
| 2026 | +7.8% | +48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWAY and SKE 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 LWAY and SKE?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.23 over the last year and 0.30 over 5 years.
Is SKE a good diversifier for LWAY?
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?
On the −1 to +1 scale, 0.34 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/lway-vs-ske.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lway-vs-ske/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LWAY correlations · SKE correlations
