AIHS vs EVGN: Correlation
Senmiao Technology Limited (AIHS) and Evogene Ltd. (EVGN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and EVGN?
Across a 3-year window, the weekly returns of AIHS and EVGN correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -1273.7 %².
By 3-year correlation, EVGN places #11 of the 19 assets tracked against AIHS. Their 12-month results are close: -58.3% for AIHS against -58.9% for EVGN.
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 EVGN: side by side
| AIHS (Senmiao Technology Limited) | EVGN (Evogene Ltd.) | |
|---|---|---|
| 1-year return | -58.3% | -58.9% |
| 5-year return | -97.9% | -97.9% |
| Volatility (ann.) | 85.8% | 71.8% |
| Beta vs S&P 500 | -0.01 | 1.04 |
| Max drawdown (3Y) | -93.0% | -96.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIHS | EVGN |
|---|---|---|
| 2022 | -75.6% | -57.3% |
| 2023 | -54.6% | +20.0% |
| 2024 | +161.0% | -77.7% |
| 2025 | -90.0% | -41.2% |
| 2026 | +22.4% | -51.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and EVGN good diversifiers for each other?
Yes. With a correlation of -0.21, AIHS and EVGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIHS and EVGN?
As of 2026-08-27, the correlation of weekly returns between AIHS and EVGN is -0.21 over 3 years, -0.20 over 1 year and -0.07 over 5 years.
Is EVGN a good diversifier for AIHS?
Yes. With a correlation of -0.21, AIHS and EVGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AIHS correlations · EVGN correlations
