L vs RMCF: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and Rocky Mountain Chocolate Factory, Inc. (RMCF) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and RMCF?
Over the past 3 years, L and RMCF moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -224.8 %².
By 3-year correlation, RMCF places #48 of the 54 assets tracked against L. Correlation aside, the last 12 months split them widely, with L ahead by 34.1 points (+14.2% versus -19.9%). One caveat on sizing: RMCF is 4.1 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.
L vs RMCF: side by side
| L (Loews Corporation) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | +14.2% | -19.9% |
| 5-year return | +100.1% | -84.3% |
| Volatility (ann.) | 16.6% | 68.5% |
| Beta vs S&P 500 | 0.33 | 0.77 |
| Max drawdown (3Y) | -12.2% | -87.0% |
| Market cap | $22.5B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | RMCF |
|---|---|---|
| 2022 | +1.4% | -27.4% |
| 2023 | +19.8% | -19.3% |
| 2024 | +22.1% | -47.2% |
| 2025 | +24.7% | -21.8% |
| 2026 | +4.5% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and RMCF good diversifiers for each other?
Yes. With a correlation of -0.20, L and RMCF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between L and RMCF?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.33 over the last year and -0.11 over 5 years.
Is RMCF a good diversifier for L?
Yes. With a correlation of -0.20, L and RMCF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/l-vs-rmcf.json
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[](https://www.pairbook.io/pair/l-vs-rmcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: L correlations · RMCF correlations
