LOAR vs MUR: Correlation
Loar Holdings Inc. (LOAR) and Murphy Oil Corporation (MUR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and MUR?
Over the past 3 years, LOAR and MUR moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.27 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -561.1 %².
Among the 23 assets we track against LOAR, MUR ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MUR ahead by 52.1 points (-0.4% versus +51.7%).
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.
LOAR vs MUR: side by side
| LOAR (Loar Holdings Inc.) | MUR (Murphy Oil Corporation) | |
|---|---|---|
| 1-year return | -0.4% | +51.7% |
| 5-year return | n/a | +96.7% |
| Volatility (ann.) | 49.2% | 39.7% |
| Beta vs S&P 500 | 1.21 | 0.16 |
| Max drawdown (3Y) | -46.0% | -58.5% |
| Market cap | $6.8B | $5.2B |
| P/E (trailing) | 102.9 | 17.2 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | MUR |
|---|---|---|
| 2022 | – | +68.5% |
| 2023 | – | +2.0% |
| 2024 | – | -26.8% |
| 2025 | -8.0% | +8.7% |
| 2026 | +7.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and MUR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOAR and MUR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.42 over the last year and n/a over 5 years.
Is MUR a good diversifier for LOAR?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/loar-vs-mur.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loar-vs-mur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOAR correlations · MUR correlations
