LGO vs RBKB: Correlation
Measured on weekly returns over the past three years, Largo Inc. (LGO) and Rhinebeck Bancorp, Inc. (RBKB) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGO and RBKB?
Across a 3-year window, the weekly returns of LGO and RBKB correlate at 0.32, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.32). Stretching to 5 years gives 0.22, with an annualized covariance of 681.3 %².
Within LGO's tracked universe of 14 assets, RBKB comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RBKB outperformed by 82.7 percentage points (-51.2% for LGO against +31.5% for RBKB). Risk is not evenly split, since LGO carries 2.5 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.
LGO vs RBKB: side by side
| LGO (Largo Inc.) | RBKB (Rhinebeck Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +31.5% |
| 5-year return | -94.6% | +64.9% |
| Volatility (ann.) | 72.9% | 29.5% |
| Beta vs S&P 500 | 0.94 | 0.08 |
| Max drawdown (3Y) | -83.8% | -30.0% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGO | RBKB |
|---|---|---|
| 2022 | -41.9% | -14.5% |
| 2023 | -57.1% | -11.6% |
| 2024 | -25.5% | +20.1% |
| 2025 | -45.3% | +24.3% |
| 2026 | -22.2% | +46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGO and RBKB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LGO and RBKB?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.21 over the last year and 0.22 over 5 years.
Is RBKB a good diversifier for LGO?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/lgo-vs-rbkb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lgo-vs-rbkb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LGO correlations · RBKB correlations
