AMST vs UP: Correlation
Measured on weekly returns over the past three years, Amesite Inc. (AMST) and Wheels Up Experience Inc. (UP) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMST and UP?
Across a 3-year window, the weekly returns of AMST and UP correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.36 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 6385.1 %².
Within AMST's tracked universe of 15 assets, UP comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMST outperformed by 31.7 percentage points (-59.8% for AMST against -91.5% for UP).
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.
AMST vs UP: side by side
| AMST (Amesite Inc.) | UP (Wheels Up Experience Inc.) | |
|---|---|---|
| 1-year return | -59.8% | -91.5% |
| 5-year return | -95.5% | -99.6% |
| Volatility (ann.) | 125.5% | 142.6% |
| Beta vs S&P 500 | 1.09 | 1.69 |
| Max drawdown (3Y) | -84.6% | -95.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMST | UP |
|---|---|---|
| 2022 | -83.0% | -77.8% |
| 2023 | +7.1% | -66.7% |
| 2024 | +111.1% | -51.9% |
| 2025 | -60.2% | -60.2% |
| 2026 | -42.3% | -62.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMST and UP good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMST and UP?
As of 2026-08-27, the correlation of weekly returns between AMST and UP is 0.36 over 3 years, 0.67 over 1 year and 0.30 over 5 years.
Is UP a good diversifier for AMST?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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
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Related comparisons
Hubs: AMST correlations · UP correlations
