LNN vs MCBS: Correlation
Measured on weekly returns over the past three years, Lindsay Corporation (LNN) and MetroCity Bankshares, Inc. (MCBS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNN and MCBS?
Across a 3-year window, the weekly returns of LNN and MCBS correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 366.6 %².
Within LNN's tracked universe of 10 assets, MCBS comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCBS ahead by 38.4 points (-17.6% versus +20.8%).
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.
LNN vs MCBS: side by side
| LNN (Lindsay Corporation) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | -17.6% | +20.8% |
| 5-year return | -27.8% | +99.5% |
| Volatility (ann.) | 26.8% | 28.2% |
| Beta vs S&P 500 | 0.46 | 0.85 |
| Max drawdown (3Y) | -30.0% | -28.0% |
| Market cap | $1.2B | $1.0B |
| P/E (trailing) | 21.9 | 12.2 |
| Dividend yield | 1.30% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNN | MCBS |
|---|---|---|
| 2022 | +8.1% | -19.3% |
| 2023 | -19.8% | +15.3% |
| 2024 | -7.3% | +37.1% |
| 2025 | +0.8% | -14.1% |
| 2026 | -2.1% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNN and MCBS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LNN and MCBS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.40 over the last year and 0.39 over 5 years.
Is MCBS a good diversifier for LNN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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
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Related comparisons
Hubs: LNN correlations · MCBS correlations
