LFCR vs MTRX: Correlation
Lifecore Biomedical, Inc. (LFCR) and Matrix Service Company (MTRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFCR and MTRX?
Over the past 3 years, LFCR and MTRX moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.40 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1349.6 %².
In LFCR's tracked universe of 10 assets, MTRX sits right near the top at #2. On 12-month performance MTRX holds a 10.7-point edge, -39.7% against -29.0%.
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.
LFCR vs MTRX: side by side
| LFCR (Lifecore Biomedical, Inc.) | MTRX (Matrix Service Company) | |
|---|---|---|
| 1-year return | -39.7% | -29.0% |
| 5-year return | -58.0% | -3.9% |
| Volatility (ann.) | 65.7% | 51.6% |
| Beta vs S&P 500 | 1.25 | 1.13 |
| Max drawdown (3Y) | -59.6% | -36.0% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFCR | MTRX |
|---|---|---|
| 2022 | -41.6% | -17.3% |
| 2023 | -4.5% | +57.2% |
| 2024 | +20.0% | +22.4% |
| 2025 | +10.1% | -2.3% |
| 2026 | -44.5% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFCR and MTRX good diversifiers for each other?
Reasonably. At 0.40, LFCR and MTRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LFCR and MTRX?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.30 over the last year and 0.21 over 5 years.
Is MTRX a good diversifier for LFCR?
Reasonably. At 0.40, LFCR and MTRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/lfcr-vs-mtrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lfcr-vs-mtrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LFCR correlations · MTRX correlations
