LASE vs OCS: Correlation
How closely do Laser Photonics Corporation (LASE) and Oculis Holding AG (OCS) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and OCS?
Across a 3-year window, the weekly returns of LASE and OCS correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.60 versus -0.37 over 3 years. Stretching to 5 years gives -0.33, with an annualized covariance of -4560.4 %².
OCS is close to the least connected end of LASE's tracked universe, ranking #14 of 14. Correlation aside, the last 12 months split them widely, with OCS ahead by 36.6 points (-64.9% versus -28.3%). One caveat on sizing: LASE is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LASE vs OCS: side by side
| LASE (Laser Photonics Corporation) | OCS (Oculis Holding AG) | |
|---|---|---|
| 1-year return | -64.9% | -28.3% |
| 5-year return | n/a | +28.5% |
| Volatility (ann.) | 212.3% | 57.7% |
| Beta vs S&P 500 | 0.04 | 0.76 |
| Max drawdown (3Y) | -96.8% | -67.2% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LASE | OCS |
|---|---|---|
| 2022 | – | +4.2% |
| 2023 | -42.2% | +11.2% |
| 2024 | +389.8% | +51.4% |
| 2025 | -57.3% | +17.5% |
| 2026 | -35.6% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and OCS good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LASE and OCS?
Using weekly returns as of 2026-08-27: -0.37 over 3 years, with -0.60 over the last year and -0.33 over 5 years.
Is OCS a good diversifier for LASE?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 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/lase-vs-ocs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lase-vs-ocs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LASE correlations · OCS correlations
