LOCL vs SYNX: Correlation
Local Bounti Corporation (LOCL) and Silynxcom Ltd. (SYNX) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and SYNX?
Across a 3-year window, the weekly returns of LOCL and SYNX correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.30 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -3456.3 %².
Among the 34 assets we track against LOCL, SYNX sits near the bottom by co-movement, at rank #32. Correlation aside, the last 12 months split them widely, with SYNX ahead by 19.8 points (-58.8% versus -39.0%). One caveat on sizing: LOCL is 1.6 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.
LOCL vs SYNX: side by side
| LOCL (Local Bounti Corporation) | SYNX (Silynxcom Ltd.) | |
|---|---|---|
| 1-year return | -58.8% | -39.0% |
| 5-year return | -99.2% | n/a |
| Volatility (ann.) | 142.7% | 91.1% |
| Beta vs S&P 500 | -0.49 | 1.24 |
| Max drawdown (3Y) | -79.4% | -84.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | SYNX |
|---|---|---|
| 2022 | -78.4% | – |
| 2023 | -88.5% | – |
| 2024 | +0.0% | – |
| 2025 | +3.4% | -70.4% |
| 2026 | -53.8% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and SYNX 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 SYNX?
As of 2026-08-27, the correlation of weekly returns between LOCL and SYNX is -0.30 over 3 years, -0.20 over 1 year and n/a over 5 years.
Is SYNX 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?
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.
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Related comparisons
Hubs: LOCL correlations · SYNX correlations
