LZ vs RAVE: Correlation
Measured on weekly returns over the past three years, LegalZoom.com, Inc. (LZ) and Rave Restaurant Group, Inc. (RAVE) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZ and RAVE?
Across a 3-year window, the weekly returns of LZ and RAVE correlate at 0.34, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.34). Stretching to 5 years gives 0.27, with an annualized covariance of 874.1 %².
Among the 15 assets we track against LZ, RAVE ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RAVE ahead by 41.9 points (-45.9% versus -4.0%).
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.
LZ vs RAVE: side by side
| LZ (LegalZoom.com, Inc.) | RAVE (Rave Restaurant Group, Inc.) | |
|---|---|---|
| 1-year return | -45.9% | -4.0% |
| 5-year return | -82.4% | +146.8% |
| Volatility (ann.) | 51.4% | 50.5% |
| Beta vs S&P 500 | 0.94 | 0.63 |
| Max drawdown (3Y) | -60.0% | -37.2% |
| Market cap | $1.0B | – |
| P/E (trailing) | 67.2 | 14.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZ | RAVE |
|---|---|---|
| 2022 | -51.8% | +56.4% |
| 2023 | +46.0% | +41.1% |
| 2024 | -33.5% | +15.7% |
| 2025 | +32.2% | +27.9% |
| 2026 | -39.1% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZ and RAVE good diversifiers for each other?
Reasonably. At 0.34, LZ and RAVE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LZ and RAVE?
As of 2026-08-27, the correlation of weekly returns between LZ and RAVE is 0.34 over 3 years, 0.19 over 1 year and 0.27 over 5 years.
Is RAVE a good diversifier for LZ?
Reasonably. At 0.34, LZ and RAVE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/lz-vs-rave.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lz-vs-rave/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZ correlations · RAVE correlations
