AIRS vs SPMC: Correlation
AirSculpt Technologies, Inc. (AIRS) and Sound Point Meridian Capital, Inc. (SPMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and SPMC?
Across a 3-year window, the weekly returns of AIRS and SPMC correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.43 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1501.3 %².
Few assets follow AIRS as closely as SPMC, which ranks #1 of 11 tracked partners. The last year tells two different stories: SPMC led by 24.4 percentage points, -59.0% for AIRS against -34.6% for SPMC. Risk is not evenly split, since AIRS carries 3.2 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.
AIRS vs SPMC: side by side
| AIRS (AirSculpt Technologies, Inc.) | SPMC (Sound Point Meridian Capital, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | -34.6% |
| 5-year return | -82.9% | n/a |
| Volatility (ann.) | 100.5% | 31.4% |
| Beta vs S&P 500 | 2.11 | 1.01 |
| Max drawdown (3Y) | -86.4% | -52.9% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 30.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRS | SPMC |
|---|---|---|
| 2022 | -77.5% | – |
| 2023 | +102.4% | – |
| 2024 | -30.7% | – |
| 2025 | -61.8% | -22.5% |
| 2026 | +31.8% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and SPMC good diversifiers for each other?
Reasonably. At 0.43, AIRS and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIRS and SPMC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is SPMC a good diversifier for AIRS?
Reasonably. At 0.43, AIRS and SPMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-spmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/airs-vs-spmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRS correlations · SPMC correlations
