AISP vs AMLX: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Amylyx Pharmaceuticals, Inc. (AMLX) carry a correlation of -0.40, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and AMLX?
On 3 years of weekly data the AISP/AMLX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.40). The 5-year figure is -0.31, and annualized covariance runs at -9022.2 %².
Out of 29 assets tracked against AISP, AMLX lands near the bottom at #29. Correlation aside, the last 12 months split them widely, with AMLX ahead by 346.4 points (-53.0% versus +293.4%). One caveat on sizing: AISP is 2.4 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.
AISP vs AMLX: side by side
| AISP (Airship AI Holdings, Inc) | AMLX (Amylyx Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +293.4% |
| 5-year return | -77.4% | +105.8% |
| Volatility (ann.) | 233.1% | 97.8% |
| Beta vs S&P 500 | 1.24 | 1.29 |
| Max drawdown (3Y) | -87.4% | -92.6% |
| Market cap | $0.1B | $4.1B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | AMLX |
|---|---|---|
| 2022 | +3.0% | – |
| 2023 | -83.1% | -60.2% |
| 2024 | +268.2% | -74.3% |
| 2025 | -53.8% | +219.6% |
| 2026 | -24.6% | +207.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and AMLX good diversifiers for each other?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
FAQ
What is the correlation between AISP and AMLX?
As of 2026-08-27, the correlation of weekly returns between AISP and AMLX is -0.40 over 3 years, 0.27 over 1 year and -0.31 over 5 years.
Is AMLX a good diversifier for AISP?
By historical standards, yes. A correlation of -0.40 means the two rarely move for the same reasons.
What does a correlation of -0.40 mean?
A reading of -0.40 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/aisp-vs-amlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aisp-vs-amlx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AISP correlations · AMLX correlations
