AIRS vs MKC: Correlation
AirSculpt Technologies, Inc. (AIRS) and McCormick & Company (MKC) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and MKC?
Across a 3-year window, the weekly returns of AIRS and MKC correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.22). Stretching to 5 years gives -0.09, with an annualized covariance of -591.2 %².
Among the 11 assets we track against AIRS, MKC sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with MKC ahead by 38.7 points (-59.0% versus -20.3%). One caveat on sizing: AIRS is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MKC: side by side
| AIRS (AirSculpt Technologies, Inc.) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | -59.0% | -20.3% |
| 5-year return | -82.9% | -28.5% |
| Volatility (ann.) | 100.5% | 26.5% |
| Beta vs S&P 500 | 2.11 | 0.24 |
| Max drawdown (3Y) | -86.4% | -44.3% |
| Market cap | $0.2B | $14.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AIRS | MKC |
|---|---|---|
| 2022 | -77.5% | -12.7% |
| 2023 | +102.4% | -15.7% |
| 2024 | -30.7% | +14.0% |
| 2025 | -61.8% | -8.3% |
| 2026 | +31.8% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and MKC good diversifiers for each other?
Yes. With a correlation of -0.22, AIRS and MKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIRS and MKC?
As of 2026-08-27, the correlation of weekly returns between AIRS and MKC is -0.22 over 3 years, -0.48 over 1 year and -0.09 over 5 years.
Is MKC a good diversifier for AIRS?
Yes. With a correlation of -0.22, AIRS and MKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/airs-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/airs-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRS correlations · MKC correlations
