LOCL vs TRMB: Correlation
Measured on weekly returns over the past three years, Local Bounti Corporation (LOCL) and Trimble Inc. (TRMB) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and TRMB?
Over the past 3 years, LOCL and TRMB moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.16). Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -718.0 %².
Within LOCL's tracked universe of 34 assets, TRMB comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRMB outperformed by 33.7 percentage points (-58.8% for LOCL against -25.1% for TRMB). One caveat on sizing: LOCL is 4.6 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 TRMB: side by side
| LOCL (Local Bounti Corporation) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | -58.8% | -25.1% |
| 5-year return | -99.2% | -35.7% |
| Volatility (ann.) | 142.7% | 30.9% |
| Beta vs S&P 500 | -0.49 | 1.13 |
| Max drawdown (3Y) | -79.4% | -42.7% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LOCL | TRMB |
|---|---|---|
| 2022 | -78.4% | -42.0% |
| 2023 | -88.5% | +5.2% |
| 2024 | +0.0% | +32.8% |
| 2025 | +3.4% | +10.9% |
| 2026 | -53.8% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and TRMB good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOCL and TRMB?
The LOCL/TRMB correlation stands at -0.16 on a 3-year window (1 year: 0.06, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for LOCL?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/locl-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOCL correlations · TRMB correlations
