ANNA vs TSQ: Correlation
How closely do AleAnna, Inc. (ANNA) and Townsquare Media, Inc. (TSQ) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and TSQ?
Across a 3-year window, the weekly returns of ANNA and TSQ correlate at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.32). Stretching to 5 years gives -0.26, with an annualized covariance of -1168.9 %².
Among the 103 assets we track against ANNA, TSQ sits near the bottom by co-movement, at rank #101. Their recent paths diverged sharply: over the last 12 months TSQ outperformed by 28.9 percentage points (-34.3% for ANNA against -5.4% for TSQ). One caveat on sizing: ANNA is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANNA vs TSQ: side by side
| ANNA (AleAnna, Inc.) | TSQ (Townsquare Media, Inc.) | |
|---|---|---|
| 1-year return | -34.3% | -5.4% |
| 5-year return | -71.7% | -37.3% |
| Volatility (ann.) | 88.7% | 41.8% |
| Beta vs S&P 500 | -0.92 | 1.17 |
| Max drawdown (3Y) | -86.3% | -61.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 13.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | TSQ |
|---|---|---|
| 2022 | – | -45.6% |
| 2023 | +7.3% | +57.3% |
| 2024 | -37.6% | -9.3% |
| 2025 | -57.6% | -37.4% |
| 2026 | -3.0% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and TSQ good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and TSQ?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.55 over the last year and -0.26 over 5 years.
Is TSQ a good diversifier for ANNA?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-tsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-tsq/)
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Related comparisons
Hubs: ANNA correlations · TSQ correlations
