LMB vs PLNT: Correlation
How closely do Limbach Holdings, Inc. (LMB) and Planet Fitness, Inc. (PLNT) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMB and PLNT?
Across a 3-year window, the weekly returns of LMB and PLNT correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 921.4 %².
Within LMB's tracked universe of 12 assets, PLNT comes in at #7 by 3-year correlation. The last year tells two different stories: PLNT led by 15.8 percentage points, -66.9% for LMB against -51.1% for PLNT. Note the risk asymmetry: LMB runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LMB vs PLNT: side by side
| LMB (Limbach Holdings, Inc.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | -66.9% | -51.1% |
| 5-year return | +417.7% | -36.6% |
| Volatility (ann.) | 60.8% | 39.0% |
| Beta vs S&P 500 | 1.22 | 0.42 |
| Max drawdown (3Y) | -72.1% | -61.2% |
| Market cap | $0.5B | $3.9B |
| P/E (trailing) | 16.6 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMB | PLNT |
|---|---|---|
| 2022 | +15.7% | -13.0% |
| 2023 | +336.8% | -7.4% |
| 2024 | +88.1% | +35.4% |
| 2025 | -9.0% | +9.7% |
| 2026 | -46.4% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMB and PLNT good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LMB and PLNT?
As of 2026-08-27, the correlation of weekly returns between LMB and PLNT is 0.39 over 3 years, 0.30 over 1 year and 0.32 over 5 years.
Is PLNT a good diversifier for LMB?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/lmb-vs-plnt.json
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Related comparisons
Hubs: LMB correlations · PLNT correlations
