AIRS vs HSIC: Correlation
How closely do AirSculpt Technologies, Inc. (AIRS) and Henry Schein (HSIC) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and HSIC?
On 3 years of weekly data the AIRS/HSIC correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.18). The 5-year figure is -0.04, and annualized covariance runs at -449.4 %².
Out of 11 assets tracked against AIRS, HSIC lands near the bottom at #8. The last year tells two different stories: HSIC led by 89.9 percentage points, -59.0% for AIRS against +30.9% for HSIC. Note the risk asymmetry: AIRS runs 4.0 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.
AIRS vs HSIC: side by side
| AIRS (AirSculpt Technologies, Inc.) | HSIC (Henry Schein) | |
|---|---|---|
| 1-year return | -59.0% | +30.9% |
| 5-year return | -82.9% | +20.1% |
| Volatility (ann.) | 100.5% | 25.2% |
| Beta vs S&P 500 | 2.11 | 0.33 |
| Max drawdown (3Y) | -86.4% | -24.3% |
| Market cap | $0.2B | $10.1B |
| P/E (trailing) | – | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AIRS | HSIC |
|---|---|---|
| 2022 | -77.5% | +3.0% |
| 2023 | +102.4% | -5.2% |
| 2024 | -30.7% | -8.6% |
| 2025 | -61.8% | +9.2% |
| 2026 | +31.8% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and HSIC good diversifiers for each other?
Yes. With a correlation of -0.18, AIRS and HSIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIRS and HSIC?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.51 over the last year and -0.04 over 5 years.
Is HSIC a good diversifier for AIRS?
Yes. With a correlation of -0.18, AIRS and HSIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/airs-vs-hsic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/airs-vs-hsic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRS correlations · HSIC correlations
