LB vs UONEK: Correlation
Measured on weekly returns over the past three years, LandBridge Company LLC Class A Shares Representing Limited (LB) and Urban One, Inc. (UONEK) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LB and UONEK?
Over the past 3 years, LB and UONEK moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.58) runs below the 3-year figure (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1307.9 %².
UONEK is close to the least connected end of LB's tracked universe, ranking #11 of 15. The last year tells two different stories: LB led by 120.0 percentage points, +73.2% for LB against -46.8% for UONEK.
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.
LB vs UONEK: side by side
| LB (LandBridge Company LLC Class A Shares Representing Limited) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +73.2% | -46.8% |
| 5-year return | n/a | -93.7% |
| Volatility (ann.) | 63.4% | 82.3% |
| Beta vs S&P 500 | 1.65 | 0.73 |
| Max drawdown (3Y) | -48.2% | -93.1% |
| Market cap | $6.9B | – |
| P/E (trailing) | 79.0 | – |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LB | UONEK |
|---|---|---|
| 2022 | – | +10.9% |
| 2023 | – | -6.1% |
| 2024 | – | -71.7% |
| 2025 | -23.7% | -14.0% |
| 2026 | +82.7% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LB and UONEK good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LB and UONEK?
As of 2026-08-27, the correlation of weekly returns between LB and UONEK is -0.24 over 3 years, -0.58 over 1 year and n/a over 5 years.
Is UONEK a good diversifier for LB?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/lb-vs-uonek.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lb-vs-uonek/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LB correlations · UONEK correlations
