AISP vs EVC: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Entravision Communications Corporation (EVC) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and EVC?
Over the past 3 years, AISP and EVC moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.36). Over 5 years the correlation is -0.33, and the annualized covariance of weekly returns is -6968.2 %².
EVC is close to the least connected end of AISP's tracked universe, ranking #28 of 29. Correlation aside, the last 12 months split them widely, with EVC ahead by 285.1 points (-53.0% versus +232.1%). One caveat on sizing: AISP is 2.8 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 EVC: side by side
| AISP (Airship AI Holdings, Inc) | EVC (Entravision Communications Corporation) | |
|---|---|---|
| 1-year return | -53.0% | +232.1% |
| 5-year return | -77.4% | +53.1% |
| Volatility (ann.) | 233.1% | 82.5% |
| Beta vs S&P 500 | 1.24 | 0.94 |
| Max drawdown (3Y) | -87.4% | -67.4% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | 3.2 | 404.5 |
| Dividend yield | 0.00% | 2.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | EVC |
|---|---|---|
| 2022 | +3.0% | -27.8% |
| 2023 | -83.1% | -9.2% |
| 2024 | +268.2% | -37.6% |
| 2025 | -53.8% | +35.8% |
| 2026 | -24.6% | +182.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and EVC good diversifiers for each other?
Yes. With a correlation of -0.36, AISP and EVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AISP and EVC?
As of 2026-08-27, the correlation of weekly returns between AISP and EVC is -0.36 over 3 years, 0.04 over 1 year and -0.33 over 5 years.
Is EVC a good diversifier for AISP?
Yes. With a correlation of -0.36, AISP and EVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aisp-vs-evc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-evc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AISP correlations · EVC correlations
