CLAR vs LMNR: Correlation
Measured on weekly returns over the past three years, Clarus Corporation (CLAR) and Limoneira Co (LMNR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLAR and LMNR?
Over the past 3 years, CLAR and LMNR moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 705.6 %².
By 3-year correlation, LMNR places #4 of the 11 assets tracked against CLAR. The last year tells two different stories: CLAR led by 19.5 percentage points, +5.3% for CLAR against -14.2% for LMNR.
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.
CLAR vs LMNR: side by side
| CLAR (Clarus Corporation) | LMNR (Limoneira Co) | |
|---|---|---|
| 1-year return | +5.3% | -14.2% |
| 5-year return | -85.0% | -8.4% |
| Volatility (ann.) | 44.2% | 32.1% |
| Beta vs S&P 500 | 1.03 | 0.61 |
| Max drawdown (3Y) | -64.4% | -58.1% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 2.68% | 1.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLAR | LMNR |
|---|---|---|
| 2022 | -71.5% | -16.7% |
| 2023 | -10.8% | +72.0% |
| 2024 | -33.4% | +20.2% |
| 2025 | -23.6% | -47.3% |
| 2026 | +15.1% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLAR and LMNR good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CLAR and LMNR?
As of 2026-08-27, the correlation of weekly returns between CLAR and LMNR is 0.50 over 3 years, 0.41 over 1 year and 0.28 over 5 years.
Is LMNR a good diversifier for CLAR?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/clar-vs-lmnr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clar-vs-lmnr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLAR correlations · LMNR correlations
