LWLG vs REPL: Correlation
Measured on weekly returns over the past three years, Lightwave Logic, Inc. (LWLG) and Replimune Group, Inc. (REPL) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWLG and REPL?
Across a 3-year window, the weekly returns of LWLG and REPL correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -4184.6 %².
Among the 12 assets we track against LWLG, REPL sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with REPL ahead by 119.0 points (+63.1% versus +182.1%).
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 REPL: side by side
| LWLG (Lightwave Logic, Inc.) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | +63.1% | +182.1% |
| 5-year return | -48.5% | -50.4% |
| Volatility (ann.) | 110.8% | 153.7% |
| Beta vs S&P 500 | 2.43 | 0.48 |
| Max drawdown (3Y) | -87.7% | -92.0% |
| Market cap | $0.9B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWLG | REPL |
|---|---|---|
| 2022 | -71.0% | +0.4% |
| 2023 | +15.5% | -69.0% |
| 2024 | -57.8% | +43.7% |
| 2025 | +54.3% | -19.7% |
| 2026 | +81.2% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWLG and REPL good diversifiers for each other?
Yes. With a correlation of -0.25, LWLG and REPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LWLG and REPL?
As of 2026-08-27, the correlation of weekly returns between LWLG and REPL is -0.25 over 3 years, -0.34 over 1 year and -0.15 over 5 years.
Is REPL a good diversifier for LWLG?
Yes. With a correlation of -0.25, LWLG and REPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lwlg-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LWLG correlations · REPL correlations
