LOCL vs TEN: Correlation
Local Bounti Corporation (LOCL) and Tsakos Energy Navigation Ltd (TEN) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and TEN?
Across a 3-year window, the weekly returns of LOCL and TEN correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.23 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -1199.3 %².
Among the 34 assets we track against LOCL, TEN ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TEN outperformed by 157.0 percentage points (-58.8% for LOCL against +98.2% for TEN). Risk is not evenly split, since LOCL carries 3.9 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.
LOCL vs TEN: side by side
| LOCL (Local Bounti Corporation) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | -58.8% | +98.2% |
| 5-year return | -99.2% | +584.9% |
| Volatility (ann.) | 142.7% | 36.7% |
| Beta vs S&P 500 | -0.49 | 0.66 |
| Max drawdown (3Y) | -79.4% | -52.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 6.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | TEN |
|---|---|---|
| 2022 | -78.4% | +138.5% |
| 2023 | -88.5% | +38.1% |
| 2024 | +0.0% | -16.0% |
| 2025 | +3.4% | +33.1% |
| 2026 | -53.8% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and TEN good diversifiers for each other?
Yes. With a correlation of -0.23, LOCL and TEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LOCL and TEN?
As of 2026-08-27, the correlation of weekly returns between LOCL and TEN is -0.23 over 3 years, 0.01 over 1 year and -0.20 over 5 years.
Is TEN a good diversifier for LOCL?
Yes. With a correlation of -0.23, LOCL and TEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/locl-vs-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/locl-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOCL correlations · TEN correlations
