AIRG vs CSPI: Correlation
Measured on weekly returns over the past three years, Airgain, Inc. (AIRG) and CSP Inc. (CSPI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRG and CSPI?
Over the past 3 years, AIRG and CSPI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.21 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1129.1 %².
Among the 11 assets we track against AIRG, CSPI sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months AIRG outperformed by 62.9 percentage points (+25.8% for AIRG against -37.1% for CSPI).
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.
AIRG vs CSPI: side by side
| AIRG (Airgain, Inc.) | CSPI (CSP Inc.) | |
|---|---|---|
| 1-year return | +25.8% | -37.1% |
| 5-year return | -63.5% | +76.7% |
| Volatility (ann.) | 72.0% | 74.2% |
| Beta vs S&P 500 | 1.03 | 1.67 |
| Max drawdown (3Y) | -70.2% | -73.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRG | CSPI |
|---|---|---|
| 2022 | -38.8% | +8.0% |
| 2023 | -45.3% | +108.9% |
| 2024 | +98.3% | +66.1% |
| 2025 | -42.5% | -21.6% |
| 2026 | +29.6% | -36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRG and CSPI good diversifiers for each other?
Yes. With a correlation of -0.21, AIRG and CSPI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIRG and CSPI?
As of 2026-08-27, the correlation of weekly returns between AIRG and CSPI is -0.21 over 3 years, 0.02 over 1 year and -0.14 over 5 years.
Is CSPI a good diversifier for AIRG?
Yes. With a correlation of -0.21, AIRG and CSPI 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/airg-vs-cspi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/airg-vs-cspi/)
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Related comparisons
Hubs: AIRG correlations · CSPI correlations
