GLNG vs LOCL: Correlation
How closely do Golar LNG Limited (GLNG) 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 GLNG and LOCL?
Across a 3-year window, the weekly returns of GLNG and LOCL correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.26 over 3 years. Stretching to 5 years gives -0.06, with an annualized covariance of -1380.1 %².
Among the 12 assets we track against GLNG, LOCL sits near the bottom by co-movement, at rank #10. The last year tells two different stories: GLNG led by 76.5 percentage points, +17.7% for GLNG against -58.8% for LOCL. Note the risk asymmetry: LOCL runs 3.8 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.
GLNG vs LOCL: side by side
| GLNG (Golar LNG Limited) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | +17.7% | -58.8% |
| 5-year return | +415.5% | -99.2% |
| Volatility (ann.) | 37.5% | 142.7% |
| Beta vs S&P 500 | 0.88 | -0.49 |
| Max drawdown (3Y) | -29.4% | -79.4% |
| Market cap | $5.3B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 1.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLNG | LOCL |
|---|---|---|
| 2022 | +83.9% | -78.4% |
| 2023 | +4.4% | -88.5% |
| 2024 | +90.8% | +0.0% |
| 2025 | -9.7% | +3.4% |
| 2026 | +40.5% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLNG and LOCL good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLNG and LOCL?
As of 2026-08-27, the correlation of weekly returns between GLNG and LOCL is -0.26 over 3 years, -0.09 over 1 year and -0.06 over 5 years.
Is LOCL a good diversifier for GLNG?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GLNG correlations · LOCL correlations
