LASE vs ZUMZ: Correlation
Measured on weekly returns over the past three years, Laser Photonics Corporation (LASE) and Zumiez Inc. (ZUMZ) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LASE and ZUMZ?
Across a 3-year window, the weekly returns of LASE and ZUMZ correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.59) than the 3-year average (-0.29). Stretching to 5 years gives -0.23, with an annualized covariance of -3104.7 %².
Out of 14 assets tracked against LASE, ZUMZ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ZUMZ outperformed by 61.6 percentage points (-64.9% for LASE against -3.3% for ZUMZ). Note the risk asymmetry: LASE runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZUMZ: side by side
| LASE (Laser Photonics Corporation) | ZUMZ (Zumiez Inc.) | |
|---|---|---|
| 1-year return | -64.9% | -3.3% |
| 5-year return | n/a | -57.5% |
| Volatility (ann.) | 212.3% | 50.2% |
| Beta vs S&P 500 | 0.04 | 1.20 |
| Max drawdown (3Y) | -96.8% | -60.2% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LASE | ZUMZ |
|---|---|---|
| 2022 | – | -54.7% |
| 2023 | -42.2% | -6.4% |
| 2024 | +389.8% | -5.8% |
| 2025 | -57.3% | +35.9% |
| 2026 | -35.6% | -32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LASE and ZUMZ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LASE and ZUMZ?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.59 over the last year and -0.23 over 5 years.
Is ZUMZ a good diversifier for LASE?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lase-vs-zumz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lase-vs-zumz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LASE correlations · ZUMZ correlations
