KXIN vs LOCL: Correlation
Kaixin Holdings (KXIN) and Local Bounti Corporation (LOCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and LOCL?
On 3 years of weekly data the KXIN/LOCL correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.32 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 12528.7 %².
Among the 15 assets we track against KXIN, LOCL ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LOCL ahead by 40.7 points (-99.5% versus -58.8%). Note the risk asymmetry: KXIN runs 1.9 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.
KXIN vs LOCL: side by side
| KXIN (Kaixin Holdings) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | -99.5% | -58.8% |
| 5-year return | -100.0% | -99.2% |
| Volatility (ann.) | 272.9% | 142.7% |
| Beta vs S&P 500 | 2.71 | -0.49 |
| Max drawdown (3Y) | -100.0% | -79.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | LOCL |
|---|---|---|
| 2022 | -74.3% | -78.4% |
| 2023 | -80.0% | -88.5% |
| 2024 | -97.1% | +0.0% |
| 2025 | -88.6% | +3.4% |
| 2026 | -98.1% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and LOCL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KXIN and LOCL?
As of 2026-08-27, the correlation of weekly returns between KXIN and LOCL is 0.32 over 3 years, 0.11 over 1 year and 0.26 over 5 years.
Is LOCL a good diversifier for KXIN?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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: KXIN correlations · LOCL correlations
