LAES vs SNES: Correlation
SEALSQ Corp (LAES) and SenesTech, Inc. (SNES) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and SNES?
Across a 3-year window, the weekly returns of LAES and SNES correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.41). Stretching to 5 years gives n/a, with an annualized covariance of 11118.6 %².
By 3-year correlation, SNES places #10 of the 26 assets tracked against LAES. Their recent paths diverged sharply: over the last 12 months LAES outperformed by 72.3 percentage points (-4.4% for LAES against -76.7% for SNES). Risk is not evenly split, since LAES carries 2.5 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.
LAES vs SNES: side by side
| LAES (SEALSQ Corp) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | -4.4% | -76.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 261.5% | 104.7% |
| Beta vs S&P 500 | 1.57 | 1.31 |
| Max drawdown (3Y) | -94.5% | -98.5% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAES | SNES |
|---|---|---|
| 2022 | – | -84.2% |
| 2023 | – | -96.6% |
| 2024 | +380.5% | -73.9% |
| 2025 | -38.5% | -35.3% |
| 2026 | -31.0% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and SNES good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAES and SNES?
The LAES/SNES correlation stands at 0.41 on a 3-year window (1 year: 0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SNES a good diversifier for LAES?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/laes-vs-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/laes-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAES correlations · SNES correlations
