AISP vs THO: Correlation
How closely do Airship AI Holdings, Inc (AISP) and Thor Industries, Inc. (THO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and THO?
On 3 years of weekly data the AISP/THO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.26). The 5-year figure is -0.19, and annualized covariance runs at -2249.8 %².
Among the 29 assets we track against AISP, THO sits near the bottom by co-movement, at rank #26. Their recent paths diverged sharply: over the last 12 months THO outperformed by 23.8 percentage points (-53.0% for AISP against -29.2% for THO). Note the risk asymmetry: AISP runs 6.3 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 THO: side by side
| AISP (Airship AI Holdings, Inc) | THO (Thor Industries, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -29.2% |
| 5-year return | -77.4% | -26.9% |
| Volatility (ann.) | 233.1% | 37.1% |
| Beta vs S&P 500 | 1.24 | 1.19 |
| Max drawdown (3Y) | -87.4% | -48.4% |
| Market cap | $0.1B | $4.0B |
| P/E (trailing) | 3.2 | 15.4 |
| Dividend yield | 0.00% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | THO |
|---|---|---|
| 2022 | +3.0% | -25.6% |
| 2023 | -83.1% | +59.8% |
| 2024 | +268.2% | -17.9% |
| 2025 | -53.8% | +9.7% |
| 2026 | -24.6% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and THO good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between AISP and THO?
As of 2026-08-27, the correlation of weekly returns between AISP and THO is -0.26 over 3 years, 0.09 over 1 year and -0.19 over 5 years.
Is THO a good diversifier for AISP?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: AISP correlations · THO correlations
