CORT vs LAD: Correlation
Measured on weekly returns over the past three years, Corcept Therapeutics Incorporated (CORT) and Lithia Motors, Inc. (LAD) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORT and LAD?
On 3 years of weekly data the CORT/LAD correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 776.9 %².
LAD is one of the assets that tracks CORT most closely: it ranks #1 out of the 11 assets we track against CORT. Correlation aside, the last 12 months split them widely, with CORT ahead by 57.7 points (+67.7% versus +10.0%). Note the risk asymmetry: CORT runs 1.8 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.
CORT vs LAD: side by side
| CORT (Corcept Therapeutics Incorporated) | LAD (Lithia Motors, Inc.) | |
|---|---|---|
| 1-year return | +67.7% | +10.0% |
| 5-year return | +443.1% | +17.3% |
| Volatility (ann.) | 65.2% | 35.4% |
| Beta vs S&P 500 | 0.53 | 1.11 |
| Max drawdown (3Y) | -71.9% | -37.8% |
| Market cap | $12.6B | $8.2B |
| P/E (trailing) | 265.8 | 12.3 |
| Dividend yield | 0.00% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CORT | LAD |
|---|---|---|
| 2022 | +2.6% | -30.6% |
| 2023 | +59.9% | +62.0% |
| 2024 | +55.1% | +9.3% |
| 2025 | -30.9% | -6.3% |
| 2026 | +236.0% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORT and LAD good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CORT and LAD?
As of 2026-08-27, the correlation of weekly returns between CORT and LAD is 0.34 over 3 years, 0.30 over 1 year and 0.27 over 5 years.
Is LAD a good diversifier for CORT?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/cort-vs-lad.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cort-vs-lad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CORT correlations · LAD correlations
