LEE vs PLMR: Correlation
Measured on weekly returns over the past three years, Lee Enterprises, Incorporated (LEE) and Palomar Holdings, Inc. (PLMR) 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 LEE and PLMR?
Over the past 3 years, LEE and PLMR moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -569.9 %².
PLMR is close to the least connected end of LEE's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with LEE ahead by 88.9 points (+93.9% versus +5.0%). Note the risk asymmetry: LEE runs 2.2 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.
LEE vs PLMR: side by side
| LEE (Lee Enterprises, Incorporated) | PLMR (Palomar Holdings, Inc.) | |
|---|---|---|
| 1-year return | +93.9% | +5.0% |
| 5-year return | -67.6% | +44.4% |
| Volatility (ann.) | 79.2% | 35.9% |
| Beta vs S&P 500 | 0.72 | 0.34 |
| Max drawdown (3Y) | -82.0% | -42.3% |
| Market cap | $0.2B | $3.4B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEE | PLMR |
|---|---|---|
| 2022 | -46.3% | -30.3% |
| 2023 | -57.6% | +22.9% |
| 2024 | +87.8% | +90.3% |
| 2025 | -67.6% | +27.6% |
| 2026 | +72.4% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEE and PLMR good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LEE and PLMR?
The LEE/PLMR correlation stands at -0.20 on a 3-year window (1 year: -0.23, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PLMR a good diversifier for LEE?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lee-vs-plmr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lee-vs-plmr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEE correlations · PLMR correlations
