GENC vs LOB: Correlation
Gencor Industries, Inc. (GENC) and Live Oak Bancshares, Inc. (LOB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENC and LOB?
On 3 years of weekly data the GENC/LOB correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.52). The 5-year figure is 0.33, and annualized covariance runs at 802.0 %².
Within GENC's tracked universe of 11 assets, LOB comes in at #4 by 3-year correlation. On 12-month performance GENC holds a 12.1-point edge, +15.9% against +3.8%.
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.
GENC vs LOB: side by side
| GENC (Gencor Industries, Inc.) | LOB (Live Oak Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | +3.8% |
| 5-year return | +63.6% | -33.6% |
| Volatility (ann.) | 36.4% | 42.3% |
| Beta vs S&P 500 | 0.83 | 1.11 |
| Max drawdown (3Y) | -55.7% | -53.8% |
| Market cap | $0.3B | $1.9B |
| P/E (trailing) | 18.7 | 14.0 |
| Dividend yield | 0.00% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENC | LOB |
|---|---|---|
| 2022 | -12.4% | -65.3% |
| 2023 | +59.8% | +51.3% |
| 2024 | +9.4% | -12.8% |
| 2025 | -26.6% | -12.8% |
| 2026 | +47.2% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENC and LOB good diversifiers for each other?
To a limited degree. At 0.52 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 GENC and LOB?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.27 over the last year and 0.33 over 5 years.
Is LOB a good diversifier for GENC?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/genc-vs-lob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/genc-vs-lob/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GENC correlations · LOB correlations
