AIP vs HAPN: Correlation
Arteris, Inc. (AIP) and Happen, Inc. (HAPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and HAPN?
On 3 years of weekly data the AIP/HAPN correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.55). The 5-year figure is 0.47, and annualized covariance runs at 1860.1 %².
Within AIP's tracked universe of 13 assets, HAPN comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AIP outperformed by 133.7 percentage points (+143.4% for AIP against +9.7% for HAPN).
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.
AIP vs HAPN: side by side
| AIP (Arteris, Inc.) | HAPN (Happen, Inc.) | |
|---|---|---|
| 1-year return | +143.4% | +9.7% |
| 5-year return | +29.7% | -35.2% |
| Volatility (ann.) | 65.6% | 51.5% |
| Beta vs S&P 500 | 2.01 | 1.56 |
| Max drawdown (3Y) | -54.5% | -52.2% |
| Market cap | $1.2B | $2.1B |
| P/E (trailing) | – | 11.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIP | HAPN |
|---|---|---|
| 2022 | -79.6% | -63.6% |
| 2023 | +37.0% | -0.7% |
| 2024 | +73.0% | +85.2% |
| 2025 | +52.1% | +17.0% |
| 2026 | +52.3% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and HAPN good diversifiers for each other?
Only partially. A correlation of 0.55 means AIP and HAPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AIP and HAPN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.38 over the last year and 0.47 over 5 years.
Is HAPN a good diversifier for AIP?
Only partially. A correlation of 0.55 means AIP and HAPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aip-vs-hapn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aip-vs-hapn/)
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Related comparisons
Hubs: AIP correlations · HAPN correlations
