LMB vs UTI: Correlation
Measured on weekly returns over the past three years, Limbach Holdings, Inc. (LMB) and Universal Technical Institute Inc (UTI) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMB and UTI?
Over the past 3 years, LMB and UTI moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1326.2 %².
Among the 12 assets we track against LMB, UTI ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UTI outperformed by 46.7 percentage points (-66.9% for LMB against -20.2% for UTI).
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 UTI: side by side
| LMB (Limbach Holdings, Inc.) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | -66.9% | -20.2% |
| 5-year return | +417.7% | +211.1% |
| Volatility (ann.) | 60.8% | 54.6% |
| Beta vs S&P 500 | 1.22 | 0.64 |
| Max drawdown (3Y) | -72.1% | -57.8% |
| Market cap | $0.5B | $1.2B |
| P/E (trailing) | 16.6 | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMB | UTI |
|---|---|---|
| 2022 | +15.7% | -14.1% |
| 2023 | +336.8% | +86.3% |
| 2024 | +88.1% | +105.4% |
| 2025 | -9.0% | +1.6% |
| 2026 | -46.4% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMB and UTI good diversifiers for each other?
Reasonably. At 0.40, LMB and UTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LMB and UTI?
The LMB/UTI correlation stands at 0.40 on a 3-year window (1 year: 0.36, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is UTI a good diversifier for LMB?
Reasonably. At 0.40, LMB and UTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/lmb-vs-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmb-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LMB correlations · UTI correlations
