BRN vs LOW: Correlation
Barnwell Industries, Inc. (BRN) and Lowe's (LOW) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and LOW?
Across a 3-year window, the weekly returns of BRN and LOW correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -273.2 %².
Among the 35 assets we track against BRN, LOW ranks #24 by 3-year correlation. Neither side won the trailing year by much: -19.1% against -18.4%. Note the risk asymmetry: BRN runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BRN vs LOW: side by side
| BRN (Barnwell Industries, Inc.) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | -19.1% | -18.4% |
| 5-year return | -58.9% | +11.1% |
| Volatility (ann.) | 53.1% | 24.8% |
| Beta vs S&P 500 | -0.22 | 0.83 |
| Max drawdown (3Y) | -68.5% | -29.0% |
| Market cap | – | – |
| P/E (trailing) | – | 17.8 |
| Dividend yield | 0.00% | 2.31% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRN | LOW |
|---|---|---|
| 2022 | +2.8% | -21.5% |
| 2023 | -16.5% | +14.0% |
| 2024 | -37.9% | +13.0% |
| 2025 | -26.5% | -0.3% |
| 2026 | -14.0% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and LOW good diversifiers for each other?
Yes. With a correlation of -0.21, BRN and LOW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRN and LOW?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.15 over 5 years.
Is LOW a good diversifier for BRN?
Yes. With a correlation of -0.21, BRN and LOW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: BRN correlations · LOW correlations
