LW vs MIRA: Correlation
How closely do Lamb Weston Holdings, Inc. (LW) and MIRA Pharmaceuticals, Inc. (MIRA) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and MIRA?
Across a 3-year window, the weekly returns of LW and MIRA correlate at -0.31, 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 -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2854.7 %².
Out of 17 assets tracked against LW, MIRA lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months LW outperformed by 43.5 percentage points (-0.3% for LW against -43.8% for MIRA). One caveat on sizing: MIRA is 4.9 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.
LW vs MIRA: side by side
| LW (Lamb Weston Holdings, Inc.) | MIRA (MIRA Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | -43.8% |
| 5-year return | -6.1% | n/a |
| Volatility (ann.) | 43.2% | 211.2% |
| Beta vs S&P 500 | 0.44 | -0.07 |
| Max drawdown (3Y) | -63.1% | -91.5% |
| Market cap | $7.5B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | MIRA |
|---|---|---|
| 2022 | +42.9% | – |
| 2023 | +22.3% | – |
| 2024 | -37.0% | +8.6% |
| 2025 | -35.7% | +32.5% |
| 2026 | +34.1% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and MIRA good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LW and MIRA?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.19 over the last year and n/a over 5 years.
Is MIRA a good diversifier for LW?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/lw-vs-mira.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lw-vs-mira/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LW correlations · MIRA correlations
