AISP vs SNDA: Correlation
Airship AI Holdings, Inc (AISP) and Sonida Senior Living, Inc. (SNDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and SNDA?
Across a 3-year window, the weekly returns of AISP and SNDA correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.09 versus 0.52 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 7413.7 %².
Within AISP's tracked universe of 29 assets, SNDA comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SNDA ahead by 102.0 points (-53.0% versus +49.0%). Risk is not evenly split, since AISP carries 3.8 times the volatility of the other side.
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 SNDA: side by side
| AISP (Airship AI Holdings, Inc) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +49.0% |
| 5-year return | -77.4% | +6.6% |
| Volatility (ann.) | 233.1% | 61.1% |
| Beta vs S&P 500 | 1.24 | 0.66 |
| Max drawdown (3Y) | -87.4% | -41.0% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | SNDA |
|---|---|---|
| 2022 | +3.0% | -56.1% |
| 2023 | -83.1% | -22.7% |
| 2024 | +268.2% | +138.9% |
| 2025 | -53.8% | +41.3% |
| 2026 | -24.6% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and SNDA good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AISP and SNDA?
As of 2026-08-27, the correlation of weekly returns between AISP and SNDA is 0.52 over 3 years, -0.09 over 1 year and 0.40 over 5 years.
Is SNDA a good diversifier for AISP?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AISP correlations · SNDA correlations
