LGO vs PPTA: Correlation
Measured on weekly returns over the past three years, Largo Inc. (LGO) and Perpetua Resources Corp. (PPTA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGO and PPTA?
Across a 3-year window, the weekly returns of LGO and PPTA correlate at 0.44, moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.44). Stretching to 5 years gives 0.38, with an annualized covariance of 2516.8 %².
Few assets follow LGO as closely as PPTA, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months PPTA outperformed by 91.9 percentage points (-51.2% for LGO against +40.7% for PPTA).
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 PPTA: side by side
| LGO (Largo Inc.) | PPTA (Perpetua Resources Corp.) | |
|---|---|---|
| 1-year return | -51.2% | +40.7% |
| 5-year return | -94.6% | +427.8% |
| Volatility (ann.) | 72.9% | 77.8% |
| Beta vs S&P 500 | 0.94 | 0.85 |
| Max drawdown (3Y) | -83.8% | -54.6% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGO | PPTA |
|---|---|---|
| 2022 | -41.9% | -38.5% |
| 2023 | -57.1% | +8.6% |
| 2024 | -25.5% | +236.6% |
| 2025 | -45.3% | +126.9% |
| 2026 | -22.2% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGO and PPTA good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LGO and PPTA?
As of 2026-08-27, the correlation of weekly returns between LGO and PPTA is 0.44 over 3 years, 0.62 over 1 year and 0.38 over 5 years.
Is PPTA a good diversifier for LGO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-ppta.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lgo-vs-ppta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LGO correlations · PPTA correlations
