LMNR vs SYRE: Correlation
How closely do Limoneira Co (LMNR) and Spyre Therapeutics, Inc. (SYRE) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMNR and SYRE?
On 3 years of weekly data the LMNR/SYRE correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.44). The 5-year figure is 0.21, and annualized covariance runs at 1174.0 %².
By 3-year correlation, SYRE places #7 of the 12 assets tracked against LMNR. The last year tells two different stories: SYRE led by 460.4 percentage points, -14.2% for LMNR against +446.2% for SYRE. One caveat on sizing: SYRE is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LMNR vs SYRE: side by side
| LMNR (Limoneira Co) | SYRE (Spyre Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -14.2% | +446.2% |
| 5-year return | -8.4% | -47.5% |
| Volatility (ann.) | 32.1% | 83.8% |
| Beta vs S&P 500 | 0.61 | 1.80 |
| Max drawdown (3Y) | -58.1% | -74.0% |
| Market cap | $0.2B | $8.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMNR | SYRE |
|---|---|---|
| 2022 | -16.7% | -90.5% |
| 2023 | +72.0% | +91.3% |
| 2024 | +20.2% | +8.2% |
| 2025 | -47.3% | +40.7% |
| 2026 | +7.4% | +185.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMNR and SYRE good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LMNR and SYRE?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.29 over the last year and 0.21 over 5 years.
Is SYRE a good diversifier for LMNR?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/lmnr-vs-syre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmnr-vs-syre/)
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Related comparisons
Hubs: LMNR correlations · SYRE correlations
