AIRS vs PACS: Correlation
AirSculpt Technologies, Inc. (AIRS) and PACS Group, Inc. (PACS) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and PACS?
On 3 years of weekly data the AIRS/PACS correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2775.4 %².
Among the 11 assets we track against AIRS, PACS sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with PACS ahead by 332.0 points (-59.0% versus +273.0%).
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 PACS: side by side
| AIRS (AirSculpt Technologies, Inc.) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +273.0% |
| 5-year return | -82.9% | n/a |
| Volatility (ann.) | 100.5% | 120.5% |
| Beta vs S&P 500 | 2.11 | 0.06 |
| Max drawdown (3Y) | -86.4% | -82.0% |
| Market cap | $0.2B | $7.0B |
| P/E (trailing) | – | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRS | PACS |
|---|---|---|
| 2022 | -77.5% | – |
| 2023 | +102.4% | – |
| 2024 | -30.7% | – |
| 2025 | -61.8% | +192.8% |
| 2026 | +31.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and PACS good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIRS and PACS?
As of 2026-08-27, the correlation of weekly returns between AIRS and PACS is -0.21 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is PACS a good diversifier for AIRS?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/airs-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRS correlations · PACS correlations
