LTRX vs PPC: Correlation
How closely do Lantronix, Inc. (LTRX) and Pilgrim's Pride Corporation (PPC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTRX and PPC?
Over the past 3 years, LTRX and PPC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.23 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -478.7 %².
Out of 11 assets tracked against LTRX, PPC lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with LTRX ahead by 93.3 points (+62.5% versus -30.8%). One caveat on sizing: LTRX is 2.3 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.
LTRX vs PPC: side by side
| LTRX (Lantronix, Inc.) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | +62.5% | -30.8% |
| 5-year return | +0.0% | +32.4% |
| Volatility (ann.) | 68.2% | 30.3% |
| Beta vs S&P 500 | 1.12 | -0.17 |
| Max drawdown (3Y) | -71.7% | -49.2% |
| Market cap | $0.3B | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTRX | PPC |
|---|---|---|
| 2022 | -44.8% | -15.9% |
| 2023 | +35.6% | +16.6% |
| 2024 | -29.7% | +64.1% |
| 2025 | +42.2% | +1.4% |
| 2026 | +2.9% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTRX and PPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between LTRX and PPC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.12 over the last year and -0.08 over 5 years.
Is PPC a good diversifier for LTRX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ltrx-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ltrx-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LTRX correlations · PPC correlations
