LOCL vs PAYC: Correlation
How closely do Local Bounti Corporation (LOCL) and Paycom Software, Inc. (PAYC) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and PAYC?
Across a 3-year window, the weekly returns of LOCL and PAYC correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.30 over 3 years. Stretching to 5 years gives -0.07, with an annualized covariance of -1977.7 %².
PAYC is close to the least connected end of LOCL's tracked universe, ranking #31 of 34. Correlation aside, the last 12 months split them widely, with PAYC ahead by 63.8 points (-58.8% versus +5.0%). Note the risk asymmetry: LOCL runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LOCL vs PAYC: side by side
| LOCL (Local Bounti Corporation) | PAYC (Paycom Software, Inc.) | |
|---|---|---|
| 1-year return | -58.8% | +5.0% |
| 5-year return | -99.2% | -50.2% |
| Volatility (ann.) | 142.7% | 46.9% |
| Beta vs S&P 500 | -0.49 | 0.72 |
| Max drawdown (3Y) | -79.4% | -60.8% |
| Market cap | – | $10.7B |
| P/E (trailing) | – | 25.1 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | PAYC |
|---|---|---|
| 2022 | -78.4% | -25.3% |
| 2023 | -88.5% | -33.1% |
| 2024 | +0.0% | -0.0% |
| 2025 | +3.4% | -21.7% |
| 2026 | -53.8% | +49.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and PAYC good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between LOCL and PAYC?
The LOCL/PAYC correlation stands at -0.30 on a 3-year window (1 year: -0.07, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is PAYC a good diversifier for LOCL?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/locl-vs-payc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/locl-vs-payc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOCL correlations · PAYC correlations
