LIND vs MGLD: Correlation
Measured on weekly returns over the past three years, Lindblad Expeditions Holdings Inc. (LIND) and The Marygold Companies, Inc. (MGLD) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIND and MGLD?
Over the past 3 years, LIND and MGLD moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.30). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1583.6 %².
MGLD is close to the least connected end of LIND's tracked universe, ranking #8 of 11. The last year tells two different stories: LIND led by 91.7 percentage points, +100.4% for LIND against +8.7% for MGLD.
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.
LIND vs MGLD: side by side
| LIND (Lindblad Expeditions Holdings Inc.) | MGLD (The Marygold Companies, Inc.) | |
|---|---|---|
| 1-year return | +100.4% | +8.7% |
| 5-year return | +102.2% | -70.5% |
| Volatility (ann.) | 67.7% | 77.2% |
| Beta vs S&P 500 | 1.97 | -0.28 |
| Max drawdown (3Y) | -43.8% | -66.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIND | MGLD |
|---|---|---|
| 2022 | -50.6% | – |
| 2023 | +46.4% | -29.3% |
| 2024 | +5.2% | +66.0% |
| 2025 | +21.6% | -49.8% |
| 2026 | +108.5% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIND and MGLD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LIND and MGLD?
The LIND/MGLD correlation stands at 0.30 on a 3-year window (1 year: 0.18, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is MGLD a good diversifier for LIND?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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/lind-vs-mgld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lind-vs-mgld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIND correlations · MGLD correlations
