AISP vs PBM: Correlation
Airship AI Holdings, Inc (AISP) and Psyence Biomedical Ltd. (PBM) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and PBM?
On 3 years of weekly data the AISP/PBM correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.61 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 36434.9 %².
In AISP's tracked universe of 29 assets, PBM sits right near the top at #2. The last year tells two different stories: AISP led by 43.5 percentage points, -53.0% for AISP against -96.5% for PBM.
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 PBM: side by side
| AISP (Airship AI Holdings, Inc) | PBM (Psyence Biomedical Ltd.) | |
|---|---|---|
| 1-year return | -53.0% | -96.5% |
| 5-year return | -77.4% | -100.0% |
| Volatility (ann.) | 233.1% | 254.5% |
| Beta vs S&P 500 | 1.24 | 3.60 |
| Max drawdown (3Y) | -87.4% | -100.0% |
| 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 | PBM |
|---|---|---|
| 2022 | +3.0% | +3.7% |
| 2023 | -83.1% | -10.1% |
| 2024 | +268.2% | -99.7% |
| 2025 | -53.8% | -95.5% |
| 2026 | -24.6% | -85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and PBM good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AISP and PBM?
The AISP/PBM correlation stands at 0.61 on a 3-year window (1 year: 0.36, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is PBM a good diversifier for AISP?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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-pbm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aisp-vs-pbm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · PBM correlations
