LAW vs NOW: Correlation
CS Disco, Inc. (LAW) and ServiceNow (NOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAW and NOW?
Over the past 3 years, LAW and NOW moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.51). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1382.9 %².
Few assets follow LAW as closely as NOW, which ranks #3 of 19 tracked partners. The trailing year gives LAW the advantage: -14.4% versus -22.1%, a 7.7-point spread.
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 NOW: side by side
| LAW (CS Disco, Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -14.4% | -22.1% |
| 5-year return | -91.3% | +7.9% |
| Volatility (ann.) | 62.8% | 43.2% |
| Beta vs S&P 500 | 0.96 | 1.38 |
| Max drawdown (3Y) | -71.7% | -64.5% |
| Market cap | $0.3B | $143.1B |
| P/E (trailing) | – | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LAW | NOW |
|---|---|---|
| 2022 | -82.3% | -40.2% |
| 2023 | +20.1% | +82.0% |
| 2024 | -34.3% | +50.1% |
| 2025 | +55.5% | -27.7% |
| 2026 | -43.2% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAW and NOW good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LAW and NOW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.64 over the last year and 0.52 over 5 years.
Is NOW a good diversifier for LAW?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/law-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/law-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAW correlations · NOW correlations
