CBOE vs LASE: Correlation
Measured on weekly returns over the past three years, Cboe Global Markets (CBOE) and Laser Photonics Corporation (LASE) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBOE and LASE?
On 3 years of weekly data the CBOE/LASE correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.26). The 5-year figure is -0.23, and annualized covariance runs at -1463.7 %².
Among the 39 assets we track against CBOE, LASE ranks #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CBOE outperformed by 97.4 percentage points (+32.5% for CBOE against -64.9% for LASE). Risk is not evenly split, since LASE carries 8.1 times the volatility of the other side.
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.
CBOE vs LASE: side by side
| CBOE (Cboe Global Markets) | LASE (Laser Photonics Corporation) | |
|---|---|---|
| 1-year return | +32.5% | -64.9% |
| 5-year return | +168.0% | n/a |
| Volatility (ann.) | 26.1% | 212.3% |
| Beta vs S&P 500 | 0.09 | 0.04 |
| Max drawdown (3Y) | -36.7% | -96.8% |
| Market cap | $32.8B | $0.1B |
| P/E (trailing) | 24.5 | – |
| Dividend yield | 0.92% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CBOE | LASE |
|---|---|---|
| 2022 | -2.2% | – |
| 2023 | +44.4% | -42.2% |
| 2024 | +10.7% | +389.8% |
| 2025 | +29.2% | -57.3% |
| 2026 | +25.7% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBOE and LASE good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBOE and LASE?
As of 2026-08-27, the correlation of weekly returns between CBOE and LASE is -0.26 over 3 years, -0.39 over 1 year and -0.23 over 5 years.
Is LASE a good diversifier for CBOE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/cboe-vs-lase.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cboe-vs-lase/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBOE correlations · LASE correlations
