AVO vs LMNR: Correlation
Measured on weekly returns over the past three years, Mission Produce, Inc. (AVO) and Limoneira Co (LMNR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and LMNR?
Over the past 3 years, AVO and LMNR moved with a correlation of 0.49, which is moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.49). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 584.0 %².
Few assets follow AVO as closely as LMNR, which ranks #1 of 10 tracked partners. Over the last 12 months AVO came out ahead by 14.5 percentage points (+0.3% against -14.2%).
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.
AVO vs LMNR: side by side
| AVO (Mission Produce, Inc.) | LMNR (Limoneira Co) | |
|---|---|---|
| 1-year return | +0.3% | -14.2% |
| 5-year return | -38.9% | -8.4% |
| Volatility (ann.) | 37.0% | 32.1% |
| Beta vs S&P 500 | 0.40 | 0.61 |
| Max drawdown (3Y) | -34.1% | -58.1% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | 40.4 | – |
| Dividend yield | 0.00% | 1.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | LMNR |
|---|---|---|
| 2022 | -26.0% | -16.7% |
| 2023 | -13.2% | +72.0% |
| 2024 | +42.4% | +20.2% |
| 2025 | -19.3% | -47.3% |
| 2026 | +7.9% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and LMNR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVO and LMNR?
As of 2026-08-27, the correlation of weekly returns between AVO and LMNR is 0.49 over 3 years, 0.62 over 1 year and 0.36 over 5 years.
Is LMNR a good diversifier for AVO?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/avo-vs-lmnr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avo-vs-lmnr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVO correlations · LMNR correlations
