GNRC vs LOBO: Correlation
Measured on weekly returns over the past three years, Generac (GNRC) and LOBO TECHNOLOGIES LTD. - Class A (LOBO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and LOBO?
Over the past 3 years, GNRC and LOBO moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1824.6 %².
By 3-year correlation, LOBO places #24 of the 35 assets tracked against GNRC. Correlation aside, the last 12 months split them widely, with LOBO ahead by 22.2 points (+5.5% versus +27.7%). One caveat on sizing: LOBO is 2.4 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.
GNRC vs LOBO: side by side
| GNRC (Generac) | LOBO (LOBO TECHNOLOGIES LTD. - Class A) | |
|---|---|---|
| 1-year return | +5.5% | +27.7% |
| 5-year return | -55.4% | n/a |
| Volatility (ann.) | 46.1% | 111.5% |
| Beta vs S&P 500 | 1.35 | 0.55 |
| Max drawdown (3Y) | -47.8% | -92.0% |
| Market cap | $11.6B | – |
| P/E (trailing) | 47.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | GNRC | LOBO |
|---|---|---|
| 2022 | -71.4% | – |
| 2023 | +28.4% | – |
| 2024 | +20.0% | – |
| 2025 | -12.0% | -66.0% |
| 2026 | +44.7% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and LOBO good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GNRC and LOBO?
The GNRC/LOBO correlation stands at 0.37 on a 3-year window (1 year: 0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LOBO a good diversifier for GNRC?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/gnrc-vs-lobo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnrc-vs-lobo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GNRC correlations · LOBO correlations
