LKFN vs UTMD: Correlation
How closely do Lakeland Financial Corporation (LKFN) and Utah Medical Products, Inc. (UTMD) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and UTMD?
Over the past 3 years, LKFN and UTMD moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 360.1 %².
By 3-year correlation, UTMD places #8 of the 15 assets tracked against LKFN. The last year tells two different stories: UTMD led by 30.2 percentage points, -10.4% for LKFN against +19.8% for UTMD.
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.
LKFN vs UTMD: side by side
| LKFN (Lakeland Financial Corporation) | UTMD (Utah Medical Products, Inc.) | |
|---|---|---|
| 1-year return | -10.4% | +19.8% |
| 5-year return | +4.7% | -11.0% |
| Volatility (ann.) | 29.9% | 22.1% |
| Beta vs S&P 500 | 0.75 | 0.50 |
| Max drawdown (3Y) | -31.7% | -42.5% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | 13.6 | 21.6 |
| Dividend yield | 3.46% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | UTMD |
|---|---|---|
| 2022 | -7.0% | +1.9% |
| 2023 | -7.8% | -15.1% |
| 2024 | +8.7% | -25.7% |
| 2025 | -14.3% | -7.0% |
| 2026 | +6.4% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and UTMD good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LKFN and UTMD?
As of 2026-08-27, the correlation of weekly returns between LKFN and UTMD is 0.55 over 3 years, 0.47 over 1 year and 0.35 over 5 years.
Is UTMD a good diversifier for LKFN?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lkfn-vs-utmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lkfn-vs-utmd/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: LKFN correlations · UTMD correlations
