HYMC vs PARR: Correlation
Measured on weekly returns over the past three years, Hycroft Mining Holding Corporation (HYMC) and Par Pacific Holdings, Inc. (PARR) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYMC and PARR?
Across a 3-year window, the weekly returns of HYMC and PARR correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.19). Stretching to 5 years gives 0.01, with an annualized covariance of -920.6 %².
Among the 12 assets we track against HYMC, PARR sits near the bottom by co-movement, at rank #10. The last year tells two different stories: HYMC led by 397.0 percentage points, +522.5% for HYMC against +125.5% for PARR. Risk is not evenly split, since HYMC carries 1.9 times the volatility of the other side.
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.
HYMC vs PARR: side by side
| HYMC (Hycroft Mining Holding Corporation) | PARR (Par Pacific Holdings, Inc.) | |
|---|---|---|
| 1-year return | +522.5% | +125.5% |
| 5-year return | +28.5% | +375.6% |
| Volatility (ann.) | 96.6% | 51.3% |
| Beta vs S&P 500 | 0.99 | 0.13 |
| Max drawdown (3Y) | -66.9% | -69.7% |
| Market cap | $2.4B | $3.9B |
| P/E (trailing) | – | 4.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYMC | PARR |
|---|---|---|
| 2022 | -13.4% | +41.0% |
| 2023 | -53.9% | +56.4% |
| 2024 | -9.8% | -54.9% |
| 2025 | +975.6% | +114.4% |
| 2026 | +9.2% | +119.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYMC and PARR good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HYMC and PARR?
The HYMC/PARR correlation stands at -0.19 on a 3-year window (1 year: -0.57, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is PARR a good diversifier for HYMC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/hymc-vs-parr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hymc-vs-parr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HYMC correlations · PARR correlations
