LWLG vs POLA: Correlation
How closely do Lightwave Logic, Inc. (LWLG) and Polar Power, Inc. (POLA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWLG and POLA?
Across a 3-year window, the weekly returns of LWLG and POLA correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.38, with an annualized covariance of 3329.8 %².
Within LWLG's tracked universe of 12 assets, POLA comes in at #6 by 3-year correlation. The last year tells two different stories: LWLG led by 93.5 percentage points, +63.1% for LWLG against -30.4% for POLA.
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.
LWLG vs POLA: side by side
| LWLG (Lightwave Logic, Inc.) | POLA (Polar Power, Inc.) | |
|---|---|---|
| 1-year return | +63.1% | -30.4% |
| 5-year return | -48.5% | -97.1% |
| Volatility (ann.) | 110.8% | 77.1% |
| Beta vs S&P 500 | 2.43 | 1.65 |
| Max drawdown (3Y) | -87.7% | -87.6% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWLG | POLA |
|---|---|---|
| 2022 | -71.0% | -64.0% |
| 2023 | +15.5% | -68.2% |
| 2024 | -57.8% | +11.5% |
| 2025 | +54.3% | -47.8% |
| 2026 | +81.2% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWLG and POLA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LWLG and POLA?
As of 2026-08-27, the correlation of weekly returns between LWLG and POLA is 0.39 over 3 years, 0.51 over 1 year and 0.38 over 5 years.
Is POLA a good diversifier for LWLG?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/lwlg-vs-pola.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lwlg-vs-pola/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LWLG correlations · POLA correlations
