LWAY vs OXBR: Correlation
How closely do Lifeway Foods, Inc. (LWAY) and Oxbridge Re Holdings Limited (OXBR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWAY and OXBR?
On 3 years of weekly data the LWAY/OXBR correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.19). The 5-year figure is -0.16, and annualized covariance runs at -1265.7 %².
Among the 11 assets we track against LWAY, OXBR sits near the bottom by co-movement, at rank #8. The last year tells two different stories: LWAY led by 26.3 percentage points, -14.1% for LWAY against -40.4% for OXBR.
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.
LWAY vs OXBR: side by side
| LWAY (Lifeway Foods, Inc.) | OXBR (Oxbridge Re Holdings Limited) | |
|---|---|---|
| 1-year return | -14.1% | -40.4% |
| 5-year return | +385.7% | -58.6% |
| Volatility (ann.) | 73.8% | 88.3% |
| Beta vs S&P 500 | 0.75 | 1.20 |
| Max drawdown (3Y) | -60.5% | -87.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | 38.4 | 63.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWAY | OXBR |
|---|---|---|
| 2022 | +20.7% | -78.6% |
| 2023 | +141.6% | -8.3% |
| 2024 | +84.9% | +274.6% |
| 2025 | -2.3% | -68.0% |
| 2026 | +7.8% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWAY and OXBR good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LWAY and OXBR?
The LWAY/OXBR correlation stands at -0.19 on a 3-year window (1 year: -0.00, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is OXBR a good diversifier for LWAY?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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: LWAY correlations · OXBR correlations
