CMC vs LYTS: Correlation
Measured on weekly returns over the past three years, Commercial Metals Company (CMC) and LSI Industries Inc. (LYTS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMC and LYTS?
On 3 years of weekly data the CMC/LYTS correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 699.2 %².
Within CMC's tracked universe of 19 assets, LYTS comes in at #11 by 3-year correlation. The last year tells two different stories: CMC led by 32.0 percentage points, +22.0% for CMC against -10.0% for LYTS.
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.
CMC vs LYTS: side by side
| CMC (Commercial Metals Company) | LYTS (LSI Industries Inc.) | |
|---|---|---|
| 1-year return | +22.0% | -10.0% |
| 5-year return | +119.5% | +167.4% |
| Volatility (ann.) | 33.3% | 38.6% |
| Beta vs S&P 500 | 1.26 | 1.13 |
| Max drawdown (3Y) | -37.6% | -40.6% |
| Market cap | – | $0.7B |
| P/E (trailing) | 12.9 | 30.1 |
| Dividend yield | 1.08% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMC | LYTS |
|---|---|---|
| 2022 | +35.0% | +82.9% |
| 2023 | +5.0% | +16.8% |
| 2024 | +0.4% | +39.7% |
| 2025 | +41.5% | -4.7% |
| 2026 | +0.2% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMC and LYTS good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CMC and LYTS?
The CMC/LYTS correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LYTS a good diversifier for CMC?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/cmc-vs-lyts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmc-vs-lyts/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMC correlations · LYTS correlations
