CASY vs LAW: Correlation
Casey's (CASY) and CS Disco, Inc. (LAW) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASY and LAW?
On 3 years of weekly data the CASY/LAW correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.29 over 3. The 5-year figure is -0.07, and annualized covariance runs at -525.1 %².
LAW is close to the least connected end of CASY's tracked universe, ranking #30 of 30. Their recent paths diverged sharply: over the last 12 months CASY outperformed by 68.1 percentage points (+53.7% for CASY against -14.4% for LAW). Note the risk asymmetry: LAW runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CASY vs LAW: side by side
| CASY (Casey's) | LAW (CS Disco, Inc.) | |
|---|---|---|
| 1-year return | +53.7% | -14.4% |
| 5-year return | +284.3% | -91.3% |
| Volatility (ann.) | 28.9% | 62.8% |
| Beta vs S&P 500 | 0.39 | 0.96 |
| Max drawdown (3Y) | -16.6% | -71.7% |
| Market cap | $28.2B | $0.3B |
| P/E (trailing) | 42.2 | – |
| Dividend yield | 0.28% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | LAW |
|---|---|---|
| 2022 | +14.5% | -82.3% |
| 2023 | +23.3% | +20.1% |
| 2024 | +45.0% | -34.3% |
| 2025 | +40.1% | +55.5% |
| 2026 | +38.4% | -43.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and LAW good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CASY and LAW?
The CASY/LAW correlation stands at -0.29 on a 3-year window (1 year: -0.30, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is LAW a good diversifier for CASY?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/casy-vs-law.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/casy-vs-law/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CASY correlations · LAW correlations
