KEQU vs LAZ: Correlation
Kewaunee Scientific Corporation (KEQU) and Lazard, Inc. (LAZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEQU and LAZ?
Across a 3-year window, the weekly returns of KEQU and LAZ correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 854.0 %².
By 3-year correlation, LAZ places #5 of the 11 assets tracked against KEQU. On 12-month performance LAZ holds a 10.1-point edge, -32.0% against -21.9%. Risk is not evenly split, since KEQU carries 1.7 times the volatility of the other side.
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.
KEQU vs LAZ: side by side
| KEQU (Kewaunee Scientific Corporation) | LAZ (Lazard, Inc.) | |
|---|---|---|
| 1-year return | -32.0% | -21.9% |
| 5-year return | +186.6% | +14.6% |
| Volatility (ann.) | 61.0% | 36.4% |
| Beta vs S&P 500 | 0.69 | 1.49 |
| Max drawdown (3Y) | -55.4% | -44.2% |
| Market cap | $0.1B | $4.2B |
| P/E (trailing) | 11.8 | 21.1 |
| Dividend yield | 0.00% | 4.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KEQU | LAZ |
|---|---|---|
| 2022 | +25.6% | -16.2% |
| 2023 | +82.3% | +6.9% |
| 2024 | +112.8% | +54.8% |
| 2025 | -39.5% | -1.6% |
| 2026 | +1.5% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEQU and LAZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KEQU and LAZ?
The KEQU/LAZ correlation stands at 0.39 on a 3-year window (1 year: 0.37, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is LAZ a good diversifier for KEQU?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/kequ-vs-laz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kequ-vs-laz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEQU correlations · LAZ correlations
