AISP vs CYTK: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Cytokinetics, Incorporated (CYTK) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and CYTK?
Across a 3-year window, the weekly returns of AISP and CYTK correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.19 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -3275.5 %².
Among the 29 assets we track against AISP, CYTK ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CYTK outperformed by 158.9 percentage points (-53.0% for AISP against +105.9% for CYTK). Note the risk asymmetry: AISP runs 3.2 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 CYTK: side by side
| AISP (Airship AI Holdings, Inc) | CYTK (Cytokinetics, Incorporated) | |
|---|---|---|
| 1-year return | -53.0% | +105.9% |
| 5-year return | -77.4% | +138.5% |
| Volatility (ann.) | 233.1% | 73.4% |
| Beta vs S&P 500 | 1.24 | 0.92 |
| Max drawdown (3Y) | -87.4% | -72.4% |
| Market cap | $0.1B | $10.8B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | CYTK |
|---|---|---|
| 2022 | +3.0% | +0.5% |
| 2023 | -83.1% | +82.2% |
| 2024 | +268.2% | -43.7% |
| 2025 | -53.8% | +35.1% |
| 2026 | -24.6% | +22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and CYTK good diversifiers for each other?
Yes. With a correlation of -0.19, AISP and CYTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AISP and CYTK?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.04 over the last year and -0.16 over 5 years.
Is CYTK a good diversifier for AISP?
Yes. With a correlation of -0.19, AISP and CYTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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-cytk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-cytk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · CYTK correlations
