LEGH vs PRHI: Correlation
How closely do Legacy Housing Corporation (LEGH) and Presurance Holdings, Inc. (PRHI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEGH and PRHI?
On 3 years of weekly data the LEGH/PRHI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -968.1 %².
Out of 13 assets tracked against LEGH, PRHI lands near the bottom at #11. The last year tells two different stories: PRHI led by 19.4 percentage points, +1.6% for LEGH against +21.0% for PRHI. Risk is not evenly split, since PRHI carries 3.5 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.
LEGH vs PRHI: side by side
| LEGH (Legacy Housing Corporation) | PRHI (Presurance Holdings, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | +21.0% |
| 5-year return | +49.1% | -77.0% |
| Volatility (ann.) | 34.8% | 122.6% |
| Beta vs S&P 500 | 0.84 | 0.03 |
| Max drawdown (3Y) | -34.9% | -76.4% |
| Market cap | $0.7B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEGH | PRHI |
|---|---|---|
| 2022 | -28.4% | -32.3% |
| 2023 | +33.0% | -29.9% |
| 2024 | -2.1% | +6.4% |
| 2025 | -20.9% | -39.1% |
| 2026 | +45.3% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEGH and PRHI good diversifiers for each other?
Yes. With a correlation of -0.23, LEGH and PRHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEGH and PRHI?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.19 over the last year and -0.12 over 5 years.
Is PRHI a good diversifier for LEGH?
Yes. With a correlation of -0.23, LEGH and PRHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/legh-vs-prhi.json
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[](https://www.pairbook.io/pair/legh-vs-prhi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEGH correlations · PRHI correlations
