LAB vs LCUT: Correlation
How closely do Standard BioTools Inc. (LAB) and Lifetime Brands, Inc. (LCUT) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAB and LCUT?
Over the past 3 years, LAB and LCUT moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 1567.8 %².
By 3-year correlation, LCUT places #6 of the 11 assets tracked against LAB. Correlation aside, the last 12 months split them widely, with LCUT ahead by 188.5 points (-49.0% versus +139.5%).
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.
LAB vs LCUT: side by side
| LAB (Standard BioTools Inc.) | LCUT (Lifetime Brands, Inc.) | |
|---|---|---|
| 1-year return | -49.0% | +139.5% |
| 5-year return | -90.9% | -41.8% |
| Volatility (ann.) | 69.2% | 64.8% |
| Beta vs S&P 500 | 1.55 | 0.81 |
| Max drawdown (3Y) | -78.7% | -73.3% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAB | LCUT |
|---|---|---|
| 2022 | -70.2% | -51.8% |
| 2023 | +88.9% | -8.9% |
| 2024 | -20.8% | -9.9% |
| 2025 | -26.9% | -30.3% |
| 2026 | -49.0% | +138.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAB and LCUT good diversifiers for each other?
Reasonably. At 0.35, LAB and LCUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAB and LCUT?
The LAB/LCUT correlation stands at 0.35 on a 3-year window (1 year: 0.08, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is LCUT a good diversifier for LAB?
Reasonably. At 0.35, LAB and LCUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lab-vs-lcut.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lab-vs-lcut/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAB correlations · LCUT correlations
