LASE vs OPTU: Correlation
How closely do Laser Photonics Corporation (LASE) and Optimum Communications, Inc. (OPTU) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and OPTU?
Over the past 3 years, LASE and OPTU moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 7763.3 %².
Within LASE's tracked universe of 14 assets, OPTU comes in at #6 by 3-year correlation. On 12-month performance OPTU holds a 7.0-point edge, -64.9% against -57.9%. Risk is not evenly split, since LASE carries 2.3 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 OPTU: side by side
| LASE (Laser Photonics Corporation) | OPTU (Optimum Communications, Inc.) | |
|---|---|---|
| 1-year return | -64.9% | -57.9% |
| 5-year return | n/a | -96.3% |
| Volatility (ann.) | 212.3% | 91.7% |
| Beta vs S&P 500 | 0.04 | 0.14 |
| Max drawdown (3Y) | -96.8% | -82.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LASE | OPTU |
|---|---|---|
| 2022 | – | -71.6% |
| 2023 | -42.2% | -29.3% |
| 2024 | +389.8% | -25.8% |
| 2025 | -57.3% | -31.5% |
| 2026 | -35.6% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and OPTU good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LASE and OPTU?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.54 over the last year and 0.34 over 5 years.
Is OPTU a good diversifier for LASE?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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-optu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lase-vs-optu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LASE correlations · OPTU correlations
