AISP vs MSAI: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and MultiSensor AI Holdings, Inc. (MSAI) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and MSAI?
Over the past 3 years, AISP and MSAI moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.37). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 10629.8 %².
By 3-year correlation, MSAI places #12 of the 29 assets tracked against AISP. The last year tells two different stories: AISP led by 28.5 percentage points, -53.0% for AISP against -81.5% for MSAI. Note the risk asymmetry: AISP runs 1.9 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 MSAI: side by side
| AISP (Airship AI Holdings, Inc) | MSAI (MultiSensor AI Holdings, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -81.5% |
| 5-year return | -77.4% | -98.6% |
| Volatility (ann.) | 233.1% | 122.9% |
| Beta vs S&P 500 | 1.24 | 1.24 |
| Max drawdown (3Y) | -87.4% | -99.1% |
| 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 | MSAI |
|---|---|---|
| 2022 | +3.0% | +4.0% |
| 2023 | -83.1% | -67.2% |
| 2024 | +268.2% | -45.1% |
| 2025 | -53.8% | -84.3% |
| 2026 | -24.6% | -52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and MSAI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AISP and MSAI?
The AISP/MSAI correlation stands at 0.37 on a 3-year window (1 year: 0.13, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is MSAI a good diversifier for AISP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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-msai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aisp-vs-msai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · MSAI correlations
