AISP vs BYSI: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and BeyondSpring, Inc. (BYSI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and BYSI?
Over the past 3 years, AISP and BYSI moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 10531.3 %².
Among the 29 assets we track against AISP, BYSI ranks #10 by 3-year correlation. Over the last 12 months AISP came out ahead by 11.8 percentage points (-53.0% against -64.8%). Risk is not evenly split, since AISP carries 2.3 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.
AISP vs BYSI: side by side
| AISP (Airship AI Holdings, Inc) | BYSI (BeyondSpring, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -64.8% |
| 5-year return | -77.4% | -97.7% |
| Volatility (ann.) | 233.1% | 101.3% |
| Beta vs S&P 500 | 1.24 | 0.29 |
| Max drawdown (3Y) | -87.4% | -82.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | BYSI |
|---|---|---|
| 2022 | +3.0% | -58.5% |
| 2023 | -83.1% | -52.1% |
| 2024 | +268.2% | +81.1% |
| 2025 | -53.8% | +0.0% |
| 2026 | -24.6% | -60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and BYSI good diversifiers for each other?
Reasonably. At 0.45, AISP and BYSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AISP and BYSI?
The AISP/BYSI correlation stands at 0.45 on a 3-year window (1 year: 0.07, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is BYSI a good diversifier for AISP?
Reasonably. At 0.45, AISP and BYSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-bysi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-bysi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AISP correlations · BYSI correlations
