AIRS vs ZD: Correlation
Measured on weekly returns over the past three years, AirSculpt Technologies, Inc. (AIRS) and Ziff Davis, Inc. (ZD) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and ZD?
Over the past 3 years, AIRS and ZD moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1952.0 %².
By 3-year correlation, ZD places #5 of the 11 assets tracked against AIRS. Correlation aside, the last 12 months split them widely, with ZD ahead by 106.7 points (-59.0% versus +47.7%). Risk is not evenly split, since AIRS carries 1.9 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 ZD: side by side
| AIRS (AirSculpt Technologies, Inc.) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +47.7% |
| 5-year return | -82.9% | -53.5% |
| Volatility (ann.) | 100.5% | 52.4% |
| Beta vs S&P 500 | 2.11 | 1.08 |
| Max drawdown (3Y) | -86.4% | -62.6% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRS | ZD |
|---|---|---|
| 2022 | -77.5% | -28.6% |
| 2023 | +102.4% | -15.1% |
| 2024 | -30.7% | -19.1% |
| 2025 | -61.8% | -35.3% |
| 2026 | +31.8% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and ZD good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIRS and ZD?
As of 2026-08-27, the correlation of weekly returns between AIRS and ZD is 0.37 over 3 years, 0.34 over 1 year and 0.32 over 5 years.
Is ZD a good diversifier for AIRS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/airs-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRS correlations · ZD correlations
