LSAK vs MCHB: Correlation
Measured on weekly returns over the past three years, Lesaka Technologies, Inc. (LSAK) and Mechanics Bancorp (MCHB) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and MCHB?
Across a 3-year window, the weekly returns of LSAK and MCHB correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.10) than the 3-year average (-0.26). Stretching to 5 years gives -0.04, with an annualized covariance of -517.0 %².
MCHB is close to the least connected end of LSAK's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months MCHB outperformed by 29.8 percentage points (-3.8% for LSAK against +26.0% for MCHB). Risk is not evenly split, since MCHB carries 2.1 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.
LSAK vs MCHB: side by side
| LSAK (Lesaka Technologies, Inc.) | MCHB (Mechanics Bancorp) | |
|---|---|---|
| 1-year return | -3.8% | +26.0% |
| 5-year return | +6.3% | -51.9% |
| Volatility (ann.) | 31.0% | 63.9% |
| Beta vs S&P 500 | 0.20 | 1.12 |
| Max drawdown (3Y) | -33.2% | -56.1% |
| Market cap | $0.4B | $3.6B |
| P/E (trailing) | – | 12.3 |
| Dividend yield | 0.00% | 8.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSAK | MCHB |
|---|---|---|
| 2022 | -14.5% | -44.8% |
| 2023 | -28.8% | -60.6% |
| 2024 | +68.2% | +10.9% |
| 2025 | -12.5% | +29.9% |
| 2026 | -4.4% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and MCHB good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LSAK and MCHB?
The LSAK/MCHB correlation stands at -0.26 on a 3-year window (1 year: -0.10, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is MCHB a good diversifier for LSAK?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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/lsak-vs-mchb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lsak-vs-mchb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSAK correlations · MCHB correlations
