INDP vs LASE: Correlation
Indaptus Therapeutics, Inc. (INDP) and Laser Photonics Corporation (LASE) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and LASE?
Across a 3-year window, the weekly returns of INDP and LASE correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.46 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 12133.7 %².
In INDP's tracked universe of 13 assets, LASE sits right near the top at #3. The last year tells two different stories: LASE led by 17.0 percentage points, -81.9% for INDP against -64.9% for LASE. Note the risk asymmetry: LASE 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.
INDP vs LASE: side by side
| INDP (Indaptus Therapeutics, Inc.) | LASE (Laser Photonics Corporation) | |
|---|---|---|
| 1-year return | -81.9% | -64.9% |
| 5-year return | -99.6% | n/a |
| Volatility (ann.) | 123.5% | 212.3% |
| Beta vs S&P 500 | 1.78 | 0.04 |
| Max drawdown (3Y) | -99.2% | -96.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | LASE |
|---|---|---|
| 2022 | -74.6% | – |
| 2023 | +21.4% | -42.2% |
| 2024 | -52.2% | +389.8% |
| 2025 | -87.7% | -57.3% |
| 2026 | -60.1% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and LASE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INDP and LASE?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.62 over the last year and 0.37 over 5 years.
Is LASE a good diversifier for INDP?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/indp-vs-lase.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indp-vs-lase/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INDP correlations · LASE correlations
