APA vs LOAR: Correlation
APA Corporation (APA) and Loar Holdings Inc. (LOAR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and LOAR?
Over the past 3 years, APA and LOAR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.23 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -498.2 %².
Among the 43 assets we track against APA, LOAR ranks #37 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APA outperformed by 94.5 percentage points (+94.1% for APA against -0.4% for LOAR).
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.
APA vs LOAR: side by side
| APA (APA Corporation) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | +94.1% | -0.4% |
| 5-year return | +164.2% | n/a |
| Volatility (ann.) | 41.8% | 49.2% |
| Beta vs S&P 500 | 0.38 | 1.21 |
| Max drawdown (3Y) | -67.4% | -46.0% |
| Market cap | $14.8B | $6.8B |
| P/E (trailing) | 8.7 | 102.9 |
| Dividend yield | 2.43% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | LOAR |
|---|---|---|
| 2022 | +76.4% | – |
| 2023 | -21.2% | – |
| 2024 | -33.4% | – |
| 2025 | +11.5% | -8.0% |
| 2026 | +77.3% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and LOAR good diversifiers for each other?
Yes. With a correlation of -0.23, APA and LOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APA and LOAR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.45 over the last year and n/a over 5 years.
Is LOAR a good diversifier for APA?
Yes. With a correlation of -0.23, APA and LOAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apa-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apa-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APA correlations · LOAR correlations
