Local Bounti Corporation (LOCL) — Stock Correlations & Overview
Over the past year, LOCL has moved most closely with CYCN, NTRS, RYM. Explore the stocks most correlated and inversely correlated with LOCL below, along with its price, financials, and company profile.
Stocks correlated with LOCL
Correlation of daily returns. Higher positive values move with LOCL; negative values move opposite it. Informational only, not investment advice.
Most correlated with LOCL
| Symbol | Company | Correlation |
|---|---|---|
| CYCN | Cyclerion Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| NTRS | Northern Trust CorpSTATE COMMERCIAL BANKS | 0.27 |
| RYM | RYTHM, Inc. Common Stock | 0.27 |
| TH | Target Hospitality Corp. Common StockHOTELS, ROOMING HOUSES, CAMPS & OTHER LODGING PLACES | 0.27 |
| CAR | Avis Budget Group, Inc.SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) | 0.26 |
Most inversely correlated with LOCL
| Symbol | Company | Correlation |
|---|---|---|
| WASH | Washington Trust Bancorp IncSTATE COMMERCIAL BANKS | -0.23 |
| TPB | Turning Point Brands, Inc.TOBACCO PRODUCTS | -0.22 |
| ORIC | Oric Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.21 |
| RGCO | RGC Resources IncNATURAL GAS TRANSMISSION & DISTRIBUTION | -0.18 |
| VTR | Ventas, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.18 |
Frequently asked questions about LOCL correlations
- Which stocks are most correlated with LOCL?
- Based on one year of daily returns, the stocks most correlated with Local Bounti Corporation (LOCL) are CYCN (0.27), NTRS (0.27) and RYM (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LOCL?
- Over the past year, the stocks most inversely correlated with Local Bounti Corporation (LOCL) are WASH (-0.23), TPB (-0.22) and ORIC (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LOCL correlations calculated?
- We compute the correlation of daily returns between LOCL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.