CGNT vs LAW: Correlation
How closely do Cognyte Software Ltd. (CGNT) and CS Disco, Inc. (LAW) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and LAW?
Over the past 3 years, CGNT and LAW moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.45 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1383.1 %².
Within CGNT's tracked universe of 15 assets, LAW comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGNT outperformed by 17.8 percentage points (+3.4% for CGNT against -14.4% for LAW).
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.
CGNT vs LAW: side by side
| CGNT (Cognyte Software Ltd.) | LAW (CS Disco, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -14.4% |
| 5-year return | -67.0% | -91.3% |
| Volatility (ann.) | 49.0% | 62.8% |
| Beta vs S&P 500 | 1.00 | 0.96 |
| Max drawdown (3Y) | -44.3% | -71.7% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNT | LAW |
|---|---|---|
| 2022 | -80.2% | -82.3% |
| 2023 | +106.8% | +20.1% |
| 2024 | +34.5% | -34.3% |
| 2025 | +8.7% | +55.5% |
| 2026 | -4.0% | -43.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and LAW good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CGNT and LAW?
The CGNT/LAW correlation stands at 0.45 on a 3-year window (1 year: 0.72, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is LAW a good diversifier for CGNT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/cgnt-vs-law.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgnt-vs-law/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGNT correlations · LAW correlations
