LITE vs MOH: Correlation
How closely do Lumentum (LITE) and Molina Healthcare Inc (MOH) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and MOH?
Across a 3-year window, the weekly returns of LITE and MOH correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.21 over 1 year against -0.17 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -491.3 %².
Among the 34 assets we track against LITE, MOH ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LITE outperformed by 647.0 percentage points (+659.8% for LITE against +12.8% for MOH).
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.
LITE vs MOH: side by side
| LITE (Lumentum) | MOH (Molina Healthcare Inc) | |
|---|---|---|
| 1-year return | +659.8% | +12.8% |
| 5-year return | +998.1% | -25.1% |
| Volatility (ann.) | 65.5% | 44.8% |
| Beta vs S&P 500 | 2.36 | -0.03 |
| Max drawdown (3Y) | -50.6% | -70.8% |
| Market cap | $85.8B | $10.4B |
| P/E (trailing) | – | 1242.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | LITE | MOH |
|---|---|---|
| 2022 | -50.7% | +3.8% |
| 2023 | +0.5% | +9.4% |
| 2024 | +60.1% | -19.4% |
| 2025 | +339.1% | -40.4% |
| 2026 | +159.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITE and MOH good diversifiers for each other?
Yes. With a correlation of -0.17, LITE and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITE and MOH?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.21 over the last year and -0.11 over 5 years.
Is MOH a good diversifier for LITE?
Yes. With a correlation of -0.17, LITE and MOH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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/lite-vs-moh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lite-vs-moh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LITE correlations · MOH correlations
