LPX vs PRMB: Correlation
How closely do Louisiana-Pacific Corporation (LPX) and Primo Brands Corporation (PRMB) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and PRMB?
On 3 years of weekly data the LPX/PRMB correlation comes out at 0.40, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.40). The 5-year figure is 0.41, and annualized covariance runs at 599.5 %².
Out of 20 assets tracked against LPX, PRMB lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months PRMB outperformed by 15.4 percentage points (-25.3% for LPX against -9.9% for PRMB).
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.
LPX vs PRMB: side by side
| LPX (Louisiana-Pacific Corporation) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | -25.3% | -9.9% |
| 5-year return | +15.9% | +43.1% |
| Volatility (ann.) | 37.4% | 39.7% |
| Beta vs S&P 500 | 1.15 | 0.62 |
| Max drawdown (3Y) | -43.1% | -59.1% |
| Market cap | $4.9B | $8.1B |
| P/E (trailing) | 93.1 | 77.4 |
| Dividend yield | 1.63% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | PRMB |
|---|---|---|
| 2022 | -23.4% | -10.1% |
| 2023 | +21.5% | -0.9% |
| 2024 | +47.9% | +114.6% |
| 2025 | -21.0% | -46.0% |
| 2026 | -11.4% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and PRMB good diversifiers for each other?
Reasonably. At 0.40, LPX and PRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LPX and PRMB?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.53 over the last year and 0.41 over 5 years.
Is PRMB a good diversifier for LPX?
Reasonably. At 0.40, LPX and PRMB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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: LPX correlations · PRMB correlations
