FOUR vs LMB: Correlation
Measured on weekly returns over the past three years, Shift4 Payments, Inc. (FOUR) and Limbach Holdings, Inc. (LMB) 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 FOUR and LMB?
On 3 years of weekly data the FOUR/LMB correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.49). The 5-year figure is 0.35, and annualized covariance runs at 1558.1 %².
By 3-year correlation, LMB places #7 of the 20 assets tracked against FOUR. The last year tells two different stories: FOUR led by 15.6 percentage points, -51.3% for FOUR against -66.9% for LMB.
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.
FOUR vs LMB: side by side
| FOUR (Shift4 Payments, Inc.) | LMB (Limbach Holdings, Inc.) | |
|---|---|---|
| 1-year return | -51.3% | -66.9% |
| 5-year return | -48.7% | +417.7% |
| Volatility (ann.) | 52.8% | 60.8% |
| Beta vs S&P 500 | 1.43 | 1.22 |
| Max drawdown (3Y) | -71.6% | -72.1% |
| Market cap | $3.5B | $0.5B |
| P/E (trailing) | 68.7 | 16.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOUR | LMB |
|---|---|---|
| 2022 | -3.5% | +15.7% |
| 2023 | +32.9% | +336.8% |
| 2024 | +39.6% | +88.1% |
| 2025 | -39.3% | -9.0% |
| 2026 | -30.2% | -46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOUR and LMB good diversifiers for each other?
Reasonably. At 0.49, FOUR and LMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FOUR and LMB?
The FOUR/LMB correlation stands at 0.49 on a 3-year window (1 year: 0.36, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is LMB a good diversifier for FOUR?
Reasonably. At 0.49, FOUR and LMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/four-vs-lmb.json
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Related comparisons
Hubs: FOUR correlations · LMB correlations
