AIRG vs SFNC: Correlation
How closely do Airgain, Inc. (AIRG) and Simmons First National Corporation (SFNC) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRG and SFNC?
On 3 years of weekly data the AIRG/SFNC correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.42 over 3. The 5-year figure is 0.40, and annualized covariance runs at 874.3 %².
By 3-year correlation, SFNC places #5 of the 11 assets tracked against AIRG. On 12-month performance AIRG holds a 12.3-point edge, +25.8% against +13.5%. Risk is not evenly split, since AIRG carries 2.5 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.
AIRG vs SFNC: side by side
| AIRG (Airgain, Inc.) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +25.8% | +13.5% |
| 5-year return | -63.5% | -3.8% |
| Volatility (ann.) | 72.0% | 28.9% |
| Beta vs S&P 500 | 1.03 | 0.88 |
| Max drawdown (3Y) | -70.2% | -30.5% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRG | SFNC |
|---|---|---|
| 2022 | -38.8% | -24.6% |
| 2023 | -45.3% | -4.0% |
| 2024 | +98.3% | +16.7% |
| 2025 | -42.5% | -11.3% |
| 2026 | +29.6% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRG and SFNC good diversifiers for each other?
Reasonably. At 0.42, AIRG and SFNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIRG and SFNC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.36 over the last year and 0.40 over 5 years.
Is SFNC a good diversifier for AIRG?
Reasonably. At 0.42, AIRG and SFNC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AIRG correlations · SFNC correlations
