LAW vs NABL: Correlation
CS Disco, Inc. (LAW) and N-able, Inc. (NABL) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAW and NABL?
Over the past 3 years, LAW and NABL moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1498.2 %².
By 3-year correlation, NABL places #6 of the 19 assets tracked against LAW. Correlation aside, the last 12 months split them widely, with LAW ahead by 36.1 points (-14.4% versus -50.5%).
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.
LAW vs NABL: side by side
| LAW (CS Disco, Inc.) | NABL (N-able, Inc.) | |
|---|---|---|
| 1-year return | -14.4% | -50.5% |
| 5-year return | -91.3% | -69.9% |
| Volatility (ann.) | 62.8% | 49.3% |
| Beta vs S&P 500 | 0.96 | 0.78 |
| Max drawdown (3Y) | -71.7% | -80.4% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAW | NABL |
|---|---|---|
| 2022 | -82.3% | -7.4% |
| 2023 | +20.1% | +28.9% |
| 2024 | -34.3% | -29.5% |
| 2025 | +55.5% | -19.9% |
| 2026 | -43.2% | -47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAW and NABL good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAW and NABL?
As of 2026-08-27, the correlation of weekly returns between LAW and NABL is 0.48 over 3 years, 0.57 over 1 year and 0.40 over 5 years.
Is NABL a good diversifier for LAW?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/law-vs-nabl.json
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Related comparisons
Hubs: LAW correlations · NABL correlations
