MCY vs PLMR: Correlation
Mercury General Corporation (MCY) and Palomar Holdings, Inc. (PLMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCY and PLMR?
Over the past 3 years, MCY and PLMR moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 728.8 %².
Few assets follow MCY as closely as PLMR, which ranks #2 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months MCY outperformed by 29.1 percentage points (+34.1% for MCY against +5.0% for PLMR).
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.
MCY vs PLMR: side by side
| MCY (Mercury General Corporation) | PLMR (Palomar Holdings, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +5.0% |
| 5-year return | +99.9% | +44.4% |
| Volatility (ann.) | 35.8% | 35.9% |
| Beta vs S&P 500 | 0.75 | 0.34 |
| Max drawdown (3Y) | -40.0% | -42.3% |
| Market cap | – | $3.4B |
| P/E (trailing) | 6.2 | 17.7 |
| Dividend yield | 1.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCY | PLMR |
|---|---|---|
| 2022 | -32.6% | -30.3% |
| 2023 | +13.6% | +22.9% |
| 2024 | +82.3% | +90.3% |
| 2025 | +44.1% | +27.6% |
| 2026 | +9.9% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCY and PLMR good diversifiers for each other?
Only partially. A correlation of 0.57 means MCY and PLMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MCY and PLMR?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.50 over the last year and 0.27 over 5 years.
Is PLMR a good diversifier for MCY?
Only partially. A correlation of 0.57 means MCY and PLMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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/mcy-vs-plmr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mcy-vs-plmr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCY correlations · PLMR correlations
