AISP vs ALB: Correlation
Airship AI Holdings, Inc (AISP) and Albemarle Corporation (ALB) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and ALB?
On 3 years of weekly data the AISP/ALB correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.15). The 5-year figure is -0.11, and annualized covariance runs at -1892.4 %².
Among the 29 assets we track against AISP, ALB ranks #20 by 3-year correlation. The last year tells two different stories: ALB led by 109.9 percentage points, -53.0% for AISP against +56.9% for ALB. Note the risk asymmetry: AISP runs 4.3 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.
AISP vs ALB: side by side
| AISP (Airship AI Holdings, Inc) | ALB (Albemarle Corporation) | |
|---|---|---|
| 1-year return | -53.0% | +56.9% |
| 5-year return | -77.4% | -39.2% |
| Volatility (ann.) | 233.1% | 54.3% |
| Beta vs S&P 500 | 1.24 | 1.62 |
| Max drawdown (3Y) | -87.4% | -74.1% |
| Market cap | $0.1B | $16.0B |
| P/E (trailing) | 3.2 | 502.9 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AISP | ALB |
|---|---|---|
| 2022 | +3.0% | -6.6% |
| 2023 | -83.1% | -32.8% |
| 2024 | +268.2% | -39.5% |
| 2025 | -53.8% | +67.7% |
| 2026 | -24.6% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and ALB good diversifiers for each other?
Yes. With a correlation of -0.15, AISP and ALB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AISP and ALB?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with 0.13 over the last year and -0.11 over 5 years.
Is ALB a good diversifier for AISP?
Yes. With a correlation of -0.15, AISP and ALB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aisp-vs-alb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-alb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AISP correlations · ALB correlations
