CSBR vs LAES: Correlation
How closely do Champions Oncology, Inc. (CSBR) and SEALSQ Corp (LAES) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSBR and LAES?
Across a 3-year window, the weekly returns of CSBR and LAES correlate at 0.40, moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 5873.5 %².
In CSBR's tracked universe of 11 assets, LAES sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months LAES outperformed by 19.5 percentage points (-23.9% for CSBR against -4.4% for LAES). Note the risk asymmetry: LAES runs 4.7 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.
CSBR vs LAES: side by side
| CSBR (Champions Oncology, Inc.) | LAES (SEALSQ Corp) | |
|---|---|---|
| 1-year return | -23.9% | -4.4% |
| 5-year return | -49.7% | n/a |
| Volatility (ann.) | 55.9% | 261.5% |
| Beta vs S&P 500 | 0.24 | 1.57 |
| Max drawdown (3Y) | -57.9% | -94.5% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSBR | LAES |
|---|---|---|
| 2022 | -46.1% | – |
| 2023 | +24.6% | – |
| 2024 | +52.5% | +380.5% |
| 2025 | -19.4% | -38.5% |
| 2026 | -27.4% | -31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSBR and LAES good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSBR and LAES?
The CSBR/LAES correlation stands at 0.40 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LAES a good diversifier for CSBR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/csbr-vs-laes.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csbr-vs-laes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSBR correlations · LAES correlations
