AISP vs AXG: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Solowin Holdings - Class A (AXG) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and AXG?
On 3 years of weekly data the AISP/AXG correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.34). The 5-year figure is n/a, and annualized covariance runs at 12988.0 %².
Among the 29 assets we track against AISP, AXG ranks #16 by 3-year correlation. On 12-month performance AXG holds a 10.4-point edge, -53.0% against -42.6%.
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 AXG: side by side
| AISP (Airship AI Holdings, Inc) | AXG (Solowin Holdings - Class A) | |
|---|---|---|
| 1-year return | -53.0% | -42.6% |
| 5-year return | -77.4% | n/a |
| Volatility (ann.) | 233.1% | 162.4% |
| Beta vs S&P 500 | 1.24 | 0.61 |
| Max drawdown (3Y) | -87.4% | -97.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | AXG |
|---|---|---|
| 2022 | +3.0% | – |
| 2023 | -83.1% | – |
| 2024 | +268.2% | -44.8% |
| 2025 | -53.8% | +149.1% |
| 2026 | -24.6% | -45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and AXG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AISP and AXG?
The AISP/AXG correlation stands at 0.34 on a 3-year window (1 year: -0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is AXG a good diversifier for AISP?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AISP correlations · AXG correlations
