CULP vs LOCL: Correlation
How closely do Culp, Inc. (CULP) and Local Bounti Corporation (LOCL) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and LOCL?
On 3 years of weekly data the CULP/LOCL correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.26 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -1448.2 %².
Among the 11 assets we track against CULP, LOCL sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months CULP outperformed by 40.9 percentage points (-17.9% for CULP against -58.8% for LOCL). One caveat on sizing: LOCL is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CULP vs LOCL: side by side
| CULP (Culp, Inc.) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | -17.9% | -58.8% |
| 5-year return | -73.3% | -99.2% |
| Volatility (ann.) | 39.5% | 142.7% |
| Beta vs S&P 500 | 0.60 | -0.49 |
| Max drawdown (3Y) | -58.6% | -79.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | LOCL |
|---|---|---|
| 2022 | -50.4% | -78.4% |
| 2023 | +26.1% | -88.5% |
| 2024 | +1.4% | +0.0% |
| 2025 | -39.4% | +3.4% |
| 2026 | -3.8% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and LOCL good diversifiers for each other?
Yes. With a correlation of -0.26, CULP and LOCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CULP and LOCL?
As of 2026-08-27, the correlation of weekly returns between CULP and LOCL is -0.26 over 3 years, -0.37 over 1 year and -0.12 over 5 years.
Is LOCL a good diversifier for CULP?
Yes. With a correlation of -0.26, CULP and LOCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/culp-vs-locl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/culp-vs-locl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CULP correlations · LOCL correlations
