AIHS vs CODA: Correlation
How closely do Senmiao Technology Limited (AIHS) and Coda Octopus Group, Inc. (CODA) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and CODA?
On 3 years of weekly data the AIHS/CODA correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.21). The 5-year figure is -0.07, and annualized covariance runs at -791.0 %².
Within AIHS's tracked universe of 19 assets, CODA comes in at #10 by 3-year correlation. The last year tells two different stories: CODA led by 94.3 percentage points, -58.3% for AIHS against +36.0% for CODA. Risk is not evenly split, since AIHS carries 2.0 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.
AIHS vs CODA: side by side
| AIHS (Senmiao Technology Limited) | CODA (Coda Octopus Group, Inc.) | |
|---|---|---|
| 1-year return | -58.3% | +36.0% |
| 5-year return | -97.9% | +13.9% |
| Volatility (ann.) | 85.8% | 42.9% |
| Beta vs S&P 500 | -0.01 | 0.67 |
| Max drawdown (3Y) | -93.0% | -44.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 23.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIHS | CODA |
|---|---|---|
| 2022 | -75.6% | -14.2% |
| 2023 | -54.6% | -12.2% |
| 2024 | +161.0% | +30.1% |
| 2025 | -90.0% | +18.8% |
| 2026 | +22.4% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and CODA good diversifiers for each other?
Yes. With a correlation of -0.21, AIHS and CODA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIHS and CODA?
As of 2026-08-27, the correlation of weekly returns between AIHS and CODA is -0.21 over 3 years, 0.09 over 1 year and -0.07 over 5 years.
Is CODA a good diversifier for AIHS?
Yes. With a correlation of -0.21, AIHS and CODA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/aihs-vs-coda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aihs-vs-coda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIHS correlations · CODA correlations
