AISP vs NIKI: Correlation
Measured on weekly returns over the past three years, Airship AI Holdings, Inc (AISP) and Niki BioSolutions, Inc. (NIKI) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and NIKI?
Over the past 3 years, AISP and NIKI moved with a correlation of 0.76, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.76 over 3 years. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 40366.3 %².
NIKI is one of the assets that tracks AISP most closely: it ranks #1 out of the 29 assets we track against AISP. On 12-month performance AISP holds a 13.5-point edge, -53.0% against -66.5%.
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 NIKI: side by side
| AISP (Airship AI Holdings, Inc) | NIKI (Niki BioSolutions, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -66.5% |
| 5-year return | -77.4% | -97.1% |
| Volatility (ann.) | 233.1% | 227.3% |
| Beta vs S&P 500 | 1.24 | 0.93 |
| Max drawdown (3Y) | -87.4% | -94.8% |
| 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 | NIKI |
|---|---|---|
| 2022 | +3.0% | -63.3% |
| 2023 | -83.1% | -55.5% |
| 2024 | +268.2% | +14.3% |
| 2025 | -53.8% | -62.1% |
| 2026 | -24.6% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and NIKI good diversifiers for each other?
Only partially. A correlation of 0.76 means AISP and NIKI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AISP and NIKI?
The AISP/NIKI correlation stands at 0.76 on a 3-year window (1 year: 0.11, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is NIKI a good diversifier for AISP?
Only partially. A correlation of 0.76 means AISP and NIKI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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-niki.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aisp-vs-niki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AISP correlations · NIKI correlations
