LPA vs REX: Correlation
How closely do Logistic Properties of the Americas (LPA) and REX American Resources Corporation (REX) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and REX?
Across a 3-year window, the weekly returns of LPA and REX correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.31) runs above the 3-year figure (-0.17). Stretching to 5 years gives n/a, with an annualized covariance of -3043.6 %².
Within LPA's tracked universe of 21 assets, REX comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months REX outperformed by 87.0 percentage points (-52.3% for LPA against +34.7% for REX). Note the risk asymmetry: LPA runs 13.4 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.
LPA vs REX: side by side
| LPA (Logistic Properties of the Americas) | REX (REX American Resources Corporation) | |
|---|---|---|
| 1-year return | -52.3% | +34.7% |
| 5-year return | n/a | +190.5% |
| Volatility (ann.) | 540.6% | 40.2% |
| Beta vs S&P 500 | -0.73 | 0.44 |
| Max drawdown (3Y) | -99.1% | -41.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | 5.7 | 15.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPA | REX |
|---|---|---|
| 2022 | – | -0.4% |
| 2023 | – | +48.5% |
| 2024 | – | -11.9% |
| 2025 | -74.5% | +55.0% |
| 2026 | +12.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and REX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between LPA and REX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is REX a good diversifier for LPA?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lpa-vs-rex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpa-vs-rex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LPA correlations · REX correlations
