AOUT vs PSIG: Correlation
American Outdoor Brands, Inc. (AOUT) and PS International Group Ltd. (PSIG) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOUT and PSIG?
Over the past 3 years, AOUT and PSIG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1826.1 %².
Among the 10 assets we track against AOUT, PSIG sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months AOUT outperformed by 51.7 percentage points (-2.2% for AOUT against -53.9% for PSIG). Risk is not evenly split, since PSIG carries 3.2 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.
AOUT vs PSIG: side by side
| AOUT (American Outdoor Brands, Inc.) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | -2.2% | -53.9% |
| 5-year return | -62.4% | n/a |
| Volatility (ann.) | 48.7% | 157.0% |
| Beta vs S&P 500 | 0.91 | 0.97 |
| Max drawdown (3Y) | -64.2% | -96.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOUT | PSIG |
|---|---|---|
| 2022 | -49.7% | – |
| 2023 | -16.2% | – |
| 2024 | +81.4% | – |
| 2025 | -49.3% | +8.3% |
| 2026 | +34.0% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOUT and PSIG good diversifiers for each other?
Yes. With a correlation of -0.22, AOUT and PSIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AOUT and PSIG?
The AOUT/PSIG correlation stands at -0.22 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PSIG a good diversifier for AOUT?
Yes. With a correlation of -0.22, AOUT and PSIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/aout-vs-psig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aout-vs-psig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOUT correlations · PSIG correlations
