LH vs PBHC: Correlation
Measured on weekly returns over the past three years, Labcorp (LH) and Pathfinder Bancorp, Inc. (PBHC) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and PBHC?
Over the past 3 years, LH and PBHC moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -105.2 %².
Among the 34 assets we track against LH, PBHC ranks #27 by 3-year correlation. On 12-month performance LH holds a 9.4-point edge, +21.8% against +12.4%.
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.
LH vs PBHC: side by side
| LH (Labcorp) | PBHC (Pathfinder Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +21.8% | +12.4% |
| 5-year return | +36.0% | +13.4% |
| Volatility (ann.) | 21.4% | 27.4% |
| Beta vs S&P 500 | 0.33 | -0.02 |
| Max drawdown (3Y) | -17.4% | -33.6% |
| Market cap | $27.3B | $0.1B |
| P/E (trailing) | 27.8 | 1632.0 |
| Dividend yield | 0.86% | 2.42% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LH | PBHC |
|---|---|---|
| 2022 | -24.4% | +13.5% |
| 2023 | +13.8% | -25.1% |
| 2024 | +2.2% | +28.5% |
| 2025 | +10.6% | -17.3% |
| 2026 | +34.8% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and PBHC good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between LH and PBHC?
The LH/PBHC correlation stands at -0.18 on a 3-year window (1 year: -0.14, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is PBHC a good diversifier for LH?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/lh-vs-pbhc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lh-vs-pbhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LH correlations · PBHC correlations
