CRAI vs LZ: Correlation
Measured on weekly returns over the past three years, CRA International,Inc. (CRAI) and LegalZoom.com, Inc. (LZ) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRAI and LZ?
Over the past 3 years, CRAI and LZ moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 882.9 %².
By 3-year correlation, LZ places #6 of the 12 assets tracked against CRAI. Correlation aside, the last 12 months split them widely, with CRAI ahead by 33.2 points (-12.7% versus -45.9%).
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.
CRAI vs LZ: side by side
| CRAI (CRA International,Inc.) | LZ (LegalZoom.com, Inc.) | |
|---|---|---|
| 1-year return | -12.7% | -45.9% |
| 5-year return | +97.4% | -82.4% |
| Volatility (ann.) | 36.2% | 51.4% |
| Beta vs S&P 500 | 0.74 | 0.94 |
| Max drawdown (3Y) | -38.1% | -60.0% |
| Market cap | $1.1B | $1.0B |
| P/E (trailing) | 22.7 | 67.2 |
| Dividend yield | 1.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRAI | LZ |
|---|---|---|
| 2022 | +32.9% | -51.8% |
| 2023 | -18.1% | +46.0% |
| 2024 | +91.4% | -33.5% |
| 2025 | +8.4% | +32.2% |
| 2026 | -13.2% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRAI and LZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRAI and LZ?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.57 over the last year and 0.31 over 5 years.
Is LZ a good diversifier for CRAI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/crai-vs-lz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crai-vs-lz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRAI correlations · LZ correlations
