ACIC vs AISP: Correlation
Measured on weekly returns over the past three years, American Coastal Insurance Corporation (ACIC) and Airship AI Holdings, Inc (AISP) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIC and AISP?
On 3 years of weekly data the ACIC/AISP correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.08, and annualized covariance runs at -1831.5 %².
Out of 10 assets tracked against ACIC, AISP lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with ACIC ahead by 46.7 points (-6.3% versus -53.0%). Risk is not evenly split, since AISP carries 6.9 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.
ACIC vs AISP: side by side
| ACIC (American Coastal Insurance Corporation) | AISP (Airship AI Holdings, Inc) | |
|---|---|---|
| 1-year return | -6.3% | -53.0% |
| 5-year return | +184.8% | -77.4% |
| Volatility (ann.) | 33.6% | 233.1% |
| Beta vs S&P 500 | 0.49 | 1.24 |
| Max drawdown (3Y) | -32.8% | -87.4% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 4.7 | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACIC | AISP |
|---|---|---|
| 2022 | -75.1% | +3.0% |
| 2023 | +792.5% | -83.1% |
| 2024 | +42.3% | +268.2% |
| 2025 | -2.5% | -53.8% |
| 2026 | -20.6% | -24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIC and AISP good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACIC and AISP?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.18 over the last year and -0.08 over 5 years.
Is AISP a good diversifier for ACIC?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/acic-vs-aisp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acic-vs-aisp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACIC correlations · AISP correlations
