AIHS vs PSHG: Correlation
Senmiao Technology Limited (AIHS) and Performance Shipping Inc. (PSHG) 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 PSHG?
Over the past 3 years, AIHS and PSHG moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -824.1 %².
By 3-year correlation, PSHG places #12 of the 19 assets tracked against AIHS. The last year tells two different stories: PSHG led by 46.6 percentage points, -58.3% for AIHS against -11.7% for PSHG. Note the risk asymmetry: AIHS runs 1.9 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.
AIHS vs PSHG: side by side
| AIHS (Senmiao Technology Limited) | PSHG (Performance Shipping Inc.) | |
|---|---|---|
| 1-year return | -58.3% | -11.7% |
| 5-year return | -97.9% | -97.7% |
| Volatility (ann.) | 85.8% | 44.0% |
| Beta vs S&P 500 | -0.01 | 0.16 |
| Max drawdown (3Y) | -93.0% | -45.3% |
| Market cap | – | – |
| P/E (trailing) | – | 1.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIHS | PSHG |
|---|---|---|
| 2022 | -75.6% | -93.6% |
| 2023 | -54.6% | -35.9% |
| 2024 | +161.0% | -18.1% |
| 2025 | -90.0% | +14.5% |
| 2026 | +22.4% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and PSHG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIHS and PSHG?
As of 2026-08-27, the correlation of weekly returns between AIHS and PSHG is -0.21 over 3 years, -0.12 over 1 year and -0.07 over 5 years.
Is PSHG a good diversifier for AIHS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aihs-vs-pshg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aihs-vs-pshg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIHS correlations · PSHG correlations
