LNSR vs OIO: Correlation
LENSAR, Inc. (LNSR) and OIO Group (OIO) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNSR and OIO?
Across a 3-year window, the weekly returns of LNSR and OIO correlate at 0.27, weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 1947.6 %².
By 3-year correlation, OIO places #7 of the 12 assets tracked against LNSR. The last year tells two different stories: LNSR led by 43.5 percentage points, -30.6% for LNSR against -74.1% for OIO.
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.
LNSR vs OIO: side by side
| LNSR (LENSAR, Inc.) | OIO (OIO Group) | |
|---|---|---|
| 1-year return | -30.6% | -74.1% |
| 5-year return | +5.0% | -93.0% |
| Volatility (ann.) | 70.5% | 100.9% |
| Beta vs S&P 500 | 1.09 | 0.48 |
| Max drawdown (3Y) | -70.3% | -87.4% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | 42.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNSR | OIO |
|---|---|---|
| 2022 | -50.6% | – |
| 2023 | +18.6% | -93.1% |
| 2024 | +154.7% | +91.1% |
| 2025 | +30.1% | +200.8% |
| 2026 | -27.3% | -82.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNSR and OIO good diversifiers for each other?
Reasonably. At 0.27, LNSR and OIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LNSR and OIO?
As of 2026-08-27, the correlation of weekly returns between LNSR and OIO is 0.27 over 3 years, 0.17 over 1 year and 0.17 over 5 years.
Is OIO a good diversifier for LNSR?
Reasonably. At 0.27, LNSR and OIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/lnsr-vs-oio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnsr-vs-oio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNSR correlations · OIO correlations
