LGO vs PDEX: Correlation
Largo Inc. (LGO) and Pro-Dex, Inc. (PDEX) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGO and PDEX?
On 3 years of weekly data the LGO/PDEX correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 1091.3 %².
Within LGO's tracked universe of 14 assets, PDEX comes in at #9 by 3-year correlation. The last year tells two different stories: PDEX led by 93.7 percentage points, -51.2% for LGO against +42.5% for PDEX.
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.
LGO vs PDEX: side by side
| LGO (Largo Inc.) | PDEX (Pro-Dex, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +42.5% |
| 5-year return | -94.6% | +152.4% |
| Volatility (ann.) | 72.9% | 59.6% |
| Beta vs S&P 500 | 0.94 | 0.17 |
| Max drawdown (3Y) | -83.8% | -65.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGO | PDEX |
|---|---|---|
| 2022 | -41.9% | -31.5% |
| 2023 | -57.1% | +10.2% |
| 2024 | -25.5% | +166.8% |
| 2025 | -45.3% | -17.7% |
| 2026 | -22.2% | +68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGO and PDEX good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LGO and PDEX?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.35 over the last year and 0.21 over 5 years.
Is PDEX a good diversifier for LGO?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/lgo-vs-pdex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lgo-vs-pdex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LGO correlations · PDEX correlations
