CSTE vs LNAI: Correlation
Measured on weekly returns over the past three years, Caesarstone Ltd. (CSTE) and Lunai Bioworks Inc. (LNAI) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSTE and LNAI?
Over the past 3 years, CSTE and LNAI moved with a correlation of 0.31, which is moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.31). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 5313.0 %².
Among the 11 assets we track against CSTE, LNAI ranks #6 by 3-year correlation. The last year tells two different stories: CSTE led by 205.5 percentage points, +116.9% for CSTE against -88.6% for LNAI. Note the risk asymmetry: LNAI runs 1.7 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.
CSTE vs LNAI: side by side
| CSTE (Caesarstone Ltd.) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +116.9% | -88.6% |
| 5-year return | -74.8% | -99.6% |
| Volatility (ann.) | 100.4% | 169.5% |
| Beta vs S&P 500 | 1.27 | 1.43 |
| Max drawdown (3Y) | -90.8% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSTE | LNAI |
|---|---|---|
| 2022 | -48.4% | -85.9% |
| 2023 | -34.5% | +207.8% |
| 2024 | +13.6% | -73.6% |
| 2025 | -56.2% | -89.4% |
| 2026 | +72.6% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSTE and LNAI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CSTE and LNAI?
The CSTE/LNAI correlation stands at 0.31 on a 3-year window (1 year: 0.48, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for CSTE?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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/cste-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cste-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSTE correlations · LNAI correlations
