AGIG vs AIHS: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and Senmiao Technology Limited (AIHS) trade together? Their weekly returns over three years give a correlation of -0.42, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and AIHS?
Across a 3-year window, the weekly returns of AGIG and AIHS correlate at -0.42, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.42). Stretching to 5 years gives -0.15, with an annualized covariance of -5740.9 %².
AIHS is close to the least connected end of AGIG's tracked universe, ranking #34 of 34. Correlation aside, the last 12 months split them widely, with AIHS ahead by 30.4 points (-88.7% versus -58.3%). Note the risk asymmetry: AGIG runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGIG vs AIHS: side by side
| AGIG (Abundia Global Impact Group Inc.) | AIHS (Senmiao Technology Limited) | |
|---|---|---|
| 1-year return | -88.7% | -58.3% |
| 5-year return | -94.6% | -97.9% |
| Volatility (ann.) | 157.1% | 85.8% |
| Beta vs S&P 500 | -0.21 | -0.01 |
| Max drawdown (3Y) | -96.7% | -93.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | AIHS |
|---|---|---|
| 2022 | +140.6% | -75.6% |
| 2023 | -48.0% | -54.6% |
| 2024 | -27.9% | +161.0% |
| 2025 | -84.7% | -90.0% |
| 2026 | -51.0% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and AIHS good diversifiers for each other?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGIG and AIHS?
The AGIG/AIHS correlation stands at -0.42 on a 3-year window (1 year: -0.05, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is AIHS a good diversifier for AGIG?
Yes: at -0.42, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.42 mean?
A reading of -0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGIG correlations · AIHS correlations
