BWMN vs LNSR: Correlation
How closely do Bowman Consulting Group Ltd. (BWMN) and LENSAR, Inc. (LNSR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMN and LNSR?
Across a 3-year window, the weekly returns of BWMN and LNSR correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.37 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 1494.9 %².
By 3-year correlation, LNSR places #9 of the 17 assets tracked against BWMN. Their recent paths diverged sharply: over the last 12 months BWMN outperformed by 32.1 percentage points (+1.5% for BWMN against -30.6% for LNSR).
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.
BWMN vs LNSR: side by side
| BWMN (Bowman Consulting Group Ltd.) | LNSR (LENSAR, Inc.) | |
|---|---|---|
| 1-year return | +1.5% | -30.6% |
| 5-year return | +220.2% | +5.0% |
| Volatility (ann.) | 56.7% | 70.5% |
| Beta vs S&P 500 | 1.08 | 1.09 |
| Max drawdown (3Y) | -56.2% | -70.3% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 101.2 | 42.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMN | LNSR |
|---|---|---|
| 2022 | +2.8% | -50.6% |
| 2023 | +62.6% | +18.6% |
| 2024 | -29.8% | +154.7% |
| 2025 | +32.3% | +30.1% |
| 2026 | +28.8% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMN and LNSR good diversifiers for each other?
Reasonably. At 0.37, BWMN and LNSR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BWMN and LNSR?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.52 over the last year and 0.24 over 5 years.
Is LNSR a good diversifier for BWMN?
Reasonably. At 0.37, BWMN and LNSR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwmn-vs-lnsr.json
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Related comparisons
Hubs: BWMN correlations · LNSR correlations
