LW vs MDIA: Correlation
How closely do Lamb Weston Holdings, Inc. (LW) and Mediaco Holding Inc. (MDIA) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and MDIA?
On 3 years of weekly data the LW/MDIA correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.30 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -5116.5 %².
Among the 17 assets we track against LW, MDIA sits near the bottom by co-movement, at rank #14. The last year tells two different stories: LW led by 20.3 percentage points, -0.3% for LW against -20.6% for MDIA. Note the risk asymmetry: MDIA runs 9.0 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.
LW vs MDIA: side by side
| LW (Lamb Weston Holdings, Inc.) | MDIA (Mediaco Holding Inc.) | |
|---|---|---|
| 1-year return | -0.3% | -20.6% |
| 5-year return | -6.1% | -89.6% |
| Volatility (ann.) | 43.2% | 389.4% |
| Beta vs S&P 500 | 0.44 | -0.94 |
| Max drawdown (3Y) | -63.1% | -90.2% |
| Market cap | $7.5B | $0.1B |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | MDIA |
|---|---|---|
| 2022 | +42.9% | -78.5% |
| 2023 | +22.3% | -62.6% |
| 2024 | -37.0% | +165.1% |
| 2025 | -35.7% | -49.1% |
| 2026 | +34.1% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and MDIA good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between LW and MDIA?
As of 2026-08-27, the correlation of weekly returns between LW and MDIA is -0.30 over 3 years, 0.19 over 1 year and -0.21 over 5 years.
Is MDIA a good diversifier for LW?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 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: LW correlations · MDIA correlations
