LOAR vs OXY: Correlation
Measured on weekly returns over the past three years, Loar Holdings Inc. (LOAR) and Occidental Petroleum (OXY) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and OXY?
On 3 years of weekly data the LOAR/OXY correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.30). The 5-year figure is n/a, and annualized covariance runs at -473.1 %².
Out of 23 assets tracked against LOAR, OXY lands near the bottom at #20. Their recent paths diverged sharply: over the last 12 months OXY outperformed by 29.3 percentage points (-0.4% for LOAR against +28.9% for OXY). Risk is not evenly split, since LOAR carries 1.6 times the volatility of the other side.
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 OXY: side by side
| LOAR (Loar Holdings Inc.) | OXY (Occidental Petroleum) | |
|---|---|---|
| 1-year return | -0.4% | +28.9% |
| 5-year return | n/a | +150.8% |
| Volatility (ann.) | 49.2% | 30.6% |
| Beta vs S&P 500 | 1.21 | 0.13 |
| Max drawdown (3Y) | -46.0% | -46.9% |
| Market cap | $6.8B | $59.1B |
| P/E (trailing) | 102.9 | 17.3 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | LOAR | OXY |
|---|---|---|
| 2022 | – | +119.1% |
| 2023 | – | -4.1% |
| 2024 | – | -15.9% |
| 2025 | -8.0% | -14.9% |
| 2026 | +7.5% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and OXY good diversifiers for each other?
Yes. With a correlation of -0.30, LOAR and OXY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOAR and OXY?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.48 over the last year and n/a over 5 years.
Is OXY a good diversifier for LOAR?
Yes. With a correlation of -0.30, LOAR and OXY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LOAR correlations · OXY correlations
