AIHS vs GRML: Correlation
How closely do Senmiao Technology Limited (AIHS) and Greenland Mines Ltd (GRML) trade together? Their weekly returns over three years give a correlation of -0.45, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and GRML?
On 3 years of weekly data the AIHS/GRML correlation comes out at -0.45, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.09 versus -0.45 over 3 years. The 5-year figure is -0.40, and annualized covariance runs at -16376.7 %².
Among the 19 assets we track against AIHS, GRML sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with GRML ahead by 678.8 points (-58.3% versus +620.5%). Risk is not evenly split, since GRML carries 17.4 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 GRML: side by side
| AIHS (Senmiao Technology Limited) | GRML (Greenland Mines Ltd) | |
|---|---|---|
| 1-year return | -58.3% | +620.5% |
| 5-year return | -97.9% | -46.8% |
| Volatility (ann.) | 85.8% | 1495.4% |
| Beta vs S&P 500 | -0.01 | 2.17 |
| Max drawdown (3Y) | -93.0% | -99.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIHS | GRML |
|---|---|---|
| 2022 | -75.6% | – |
| 2023 | -54.6% | +6.3% |
| 2024 | +161.0% | -95.5% |
| 2025 | -90.0% | -40.4% |
| 2026 | +22.4% | +1720.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and GRML good diversifiers for each other?
Yes. With a correlation of -0.45, AIHS and GRML have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIHS and GRML?
As of 2026-08-27, the correlation of weekly returns between AIHS and GRML is -0.45 over 3 years, -0.09 over 1 year and -0.40 over 5 years.
Is GRML a good diversifier for AIHS?
Yes. With a correlation of -0.45, AIHS and GRML have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.45 mean?
On the −1 to +1 scale, -0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aihs-vs-grml.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aihs-vs-grml/)
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Related comparisons
Hubs: AIHS correlations · GRML correlations
