LAMR vs OUT: Correlation
How closely do Lamar Advertising Company (LAMR) and OUTFRONT Media Inc. (OUT) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAMR and OUT?
Over the past 3 years, LAMR and OUT moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 737.7 %².
In LAMR's tracked universe of 14 assets, OUT sits right near the top at #1. Correlation aside, the last 12 months split them widely, with OUT ahead by 42.8 points (+24.0% versus +66.8%). Risk is not evenly split, since OUT carries 1.5 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.
LAMR vs OUT: side by side
| LAMR (Lamar Advertising Company) | OUT (OUTFRONT Media Inc.) | |
|---|---|---|
| 1-year return | +24.0% | +66.8% |
| 5-year return | +68.6% | +65.9% |
| Volatility (ann.) | 24.7% | 37.2% |
| Beta vs S&P 500 | 0.90 | 1.22 |
| Max drawdown (3Y) | -23.9% | -32.0% |
| Market cap | $15.3B | $5.3B |
| P/E (trailing) | 27.5 | 21.9 |
| Dividend yield | 4.15% | 3.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAMR | OUT |
|---|---|---|
| 2022 | -18.0% | -34.4% |
| 2023 | +18.6% | -8.0% |
| 2024 | +20.0% | +40.6% |
| 2025 | +9.7% | +41.5% |
| 2026 | +21.7% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAMR and OUT good diversifiers for each other?
No: a correlation of 0.80 means LAMR and OUT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LAMR and OUT?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.74 over the last year and 0.84 over 5 years.
Is OUT a good diversifier for LAMR?
No: a correlation of 0.80 means LAMR and OUT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
A reading of 0.80 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/lamr-vs-out.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lamr-vs-out/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAMR correlations · OUT correlations
