LENSAR, Inc. Common Stock (LNSR) — Stock Correlations & Overview
Over the past year, LNSR has moved most closely with ALDX, WNW, CMCT. Explore the stocks most correlated and inversely correlated with LNSR below, along with its price, financials, and company profile.
Stocks correlated with LNSR
Correlation of daily returns. Higher positive values move with LNSR; negative values move opposite it. Informational only, not investment advice.
Most correlated with LNSR
| Symbol | Company | Correlation |
|---|---|---|
| ALDX | Aldeyra Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | 0.52 |
| WNW | Meiwu Technology Company Limited Ordinary Shares | 0.44 |
| CMCT | Creative Media & Community Trust Corporation Common stockREAL ESTATE INVESTMENT TRUSTS | 0.38 |
| XHG | XChange TEC.INC American Depositary Shares | 0.36 |
| GHI | Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interestsFINANCE SERVICES | 0.34 |
Most inversely correlated with LNSR
| Symbol | Company | Correlation |
|---|---|---|
| CLBT | Cellebrite DI Ltd. Class A Ordinary Shares | -0.25 |
| LNAI | Lunai Bioworks Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.25 |
| BIAF | bioAffinity Technologies, Inc. Common StockSERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH | -0.24 |
| ACPpA | abrdn Income Credit Strategies Fund 5.250% Series A Perpetual Preferred Stock | -0.23 |
| UEIC | Universal Electronics IncHOUSEHOLD AUDIO & VIDEO EQUIPMENT | -0.23 |
Frequently asked questions about LNSR correlations
- Which stocks are most correlated with LNSR?
- Based on one year of daily returns, the stocks most correlated with LENSAR, Inc. Common Stock (LNSR) are ALDX (0.52), WNW (0.44) and CMCT (0.38). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LNSR?
- Over the past year, the stocks most inversely correlated with LENSAR, Inc. Common Stock (LNSR) are CLBT (-0.25), LNAI (-0.25) and BIAF (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LNSR correlations calculated?
- We compute the correlation of daily returns between LNSR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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