LASE vs OPAD: Correlation
How closely do Laser Photonics Corporation (LASE) and Offerpad Solutions Inc. (OPAD) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and OPAD?
Over the past 3 years, LASE and OPAD moved with a correlation of 0.59, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.59 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 55225.8 %².
In LASE's tracked universe of 14 assets, OPAD sits right near the top at #1. Correlation aside, the last 12 months split them widely, with OPAD ahead by 98.2 points (-64.9% versus +33.3%). Risk is not evenly split, since OPAD carries 2.1 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.
LASE vs OPAD: side by side
| LASE (Laser Photonics Corporation) | OPAD (Offerpad Solutions Inc.) | |
|---|---|---|
| 1-year return | -64.9% | +33.3% |
| 5-year return | n/a | -96.7% |
| Volatility (ann.) | 212.3% | 440.7% |
| Beta vs S&P 500 | 0.04 | -1.25 |
| Max drawdown (3Y) | -96.8% | -95.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LASE | OPAD |
|---|---|---|
| 2022 | – | -92.8% |
| 2023 | -42.2% | +48.2% |
| 2024 | +389.8% | -72.2% |
| 2025 | -57.3% | -57.5% |
| 2026 | -35.6% | +270.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and OPAD good diversifiers for each other?
Only partially. A correlation of 0.59 means LASE and OPAD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LASE and OPAD?
As of 2026-08-27, the correlation of weekly returns between LASE and OPAD is 0.59 over 3 years, 0.84 over 1 year and 0.55 over 5 years.
Is OPAD a good diversifier for LASE?
Only partially. A correlation of 0.59 means LASE and OPAD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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-opad.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lase-vs-opad/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LASE correlations · OPAD correlations
