ESE vs LSAK: Correlation
Measured on weekly returns over the past three years, ESCO Technologies Inc. (ESE) and Lesaka Technologies, Inc. (LSAK) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESE and LSAK?
Across a 3-year window, the weekly returns of ESE and LSAK correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Stretching to 5 years gives 0.03, with an annualized covariance of -201.1 %².
Out of 11 assets tracked against ESE, LSAK lands near the bottom at #9. The last year tells two different stories: ESE led by 45.8 percentage points, +42.0% for ESE against -3.8% for LSAK.
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.
ESE vs LSAK: side by side
| ESE (ESCO Technologies Inc.) | LSAK (Lesaka Technologies, Inc.) | |
|---|---|---|
| 1-year return | +42.0% | -3.8% |
| 5-year return | +214.2% | +6.3% |
| Volatility (ann.) | 29.6% | 31.0% |
| Beta vs S&P 500 | 0.79 | 0.20 |
| Max drawdown (3Y) | -22.3% | -33.2% |
| Market cap | $7.3B | $0.4B |
| P/E (trailing) | 52.3 | – |
| Dividend yield | 0.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESE | LSAK |
|---|---|---|
| 2022 | -2.3% | -14.5% |
| 2023 | +34.1% | -28.8% |
| 2024 | +14.1% | +68.2% |
| 2025 | +47.0% | -12.5% |
| 2026 | +44.2% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESE and LSAK good diversifiers for each other?
Yes. With a correlation of -0.22, ESE and LSAK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ESE and LSAK?
The ESE/LSAK correlation stands at -0.22 on a 3-year window (1 year: -0.30, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is LSAK a good diversifier for ESE?
Yes. With a correlation of -0.22, ESE and LSAK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/ese-vs-lsak.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ese-vs-lsak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ESE correlations · LSAK correlations
