HITI vs LOAR: Correlation
How closely do High Tide Inc. (HITI) and Loar Holdings Inc. (LOAR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HITI and LOAR?
Over the past 3 years, HITI and LOAR moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 956.7 %².
LOAR is one of the assets that tracks HITI most closely: it ranks #3 out of the 10 assets we track against HITI. Correlation aside, the last 12 months split them widely, with LOAR ahead by 28.2 points (-28.6% versus -0.4%).
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.
HITI vs LOAR: side by side
| HITI (High Tide Inc.) | LOAR (Loar Holdings Inc.) | |
|---|---|---|
| 1-year return | -28.6% | -0.4% |
| 5-year return | -64.1% | n/a |
| Volatility (ann.) | 57.1% | 49.2% |
| Beta vs S&P 500 | 0.73 | 1.21 |
| Max drawdown (3Y) | -51.6% | -46.0% |
| Market cap | $0.2B | $6.8B |
| P/E (trailing) | – | 102.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HITI | LOAR |
|---|---|---|
| 2022 | -63.8% | – |
| 2023 | +5.8% | – |
| 2024 | +89.6% | – |
| 2025 | -14.2% | -8.0% |
| 2026 | -3.0% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HITI and LOAR 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 HITI and LOAR?
As of 2026-08-27, the correlation of weekly returns between HITI and LOAR is 0.37 over 3 years, 0.35 over 1 year and n/a over 5 years.
Is LOAR a good diversifier for HITI?
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?
On the −1 to +1 scale, 0.37 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/hiti-vs-loar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hiti-vs-loar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HITI correlations · LOAR correlations
