LOOP vs PSNL: Correlation
Measured on weekly returns over the past three years, Loop Industries, Inc. (LOOP) and Personalis, Inc. (PSNL) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOOP and PSNL?
Over the past 3 years, LOOP and PSNL moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.18 over 3 years. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -1723.4 %².
Among the 11 assets we track against LOOP, PSNL sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with PSNL ahead by 314.4 points (-62.9% versus +251.5%). Risk is not evenly split, since PSNL carries 1.8 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.
LOOP vs PSNL: side by side
| LOOP (Loop Industries, Inc.) | PSNL (Personalis, Inc.) | |
|---|---|---|
| 1-year return | -62.9% | +251.5% |
| 5-year return | -93.8% | -19.1% |
| Volatility (ann.) | 73.7% | 130.7% |
| Beta vs S&P 500 | 0.96 | 1.14 |
| Max drawdown (3Y) | -87.5% | -55.2% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOOP | PSNL |
|---|---|---|
| 2022 | -80.5% | -86.1% |
| 2023 | +58.2% | +6.1% |
| 2024 | -68.3% | +175.2% |
| 2025 | -16.7% | +37.7% |
| 2026 | -44.3% | +111.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOOP and PSNL good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOOP and PSNL?
The LOOP/PSNL correlation stands at -0.18 on a 3-year window (1 year: 0.05, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is PSNL a good diversifier for LOOP?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/loop-vs-psnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/loop-vs-psnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOOP correlations · PSNL correlations
