API vs CHSN: Correlation
Agora, Inc. (API) and Chanson International Holding - Class A (CHSN) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are API and CHSN?
On 3 years of weekly data the API/CHSN correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.39). The 5-year figure is n/a, and annualized covariance runs at 12071.9 %².
Among the 14 assets we track against API, CHSN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with API ahead by 115.1 points (+15.7% versus -99.4%). Risk is not evenly split, since CHSN carries 3.3 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.
API vs CHSN: side by side
| API (Agora, Inc.) | CHSN (Chanson International Holding - Class A) | |
|---|---|---|
| 1-year return | +15.7% | -99.4% |
| 5-year return | -86.7% | n/a |
| Volatility (ann.) | 96.1% | 320.2% |
| Beta vs S&P 500 | 1.90 | 0.54 |
| Max drawdown (3Y) | -60.8% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 45.1 | 0.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | API | CHSN |
|---|---|---|
| 2022 | -75.9% | – |
| 2023 | -32.7% | – |
| 2024 | +58.2% | +318.9% |
| 2025 | -2.2% | -99.5% |
| 2026 | -0.2% | -99.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are API and CHSN good diversifiers for each other?
Reasonably. At 0.39, API and CHSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between API and CHSN?
As of 2026-08-27, the correlation of weekly returns between API and CHSN is 0.39 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is CHSN a good diversifier for API?
Reasonably. At 0.39, API and CHSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/api-vs-chsn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/api-vs-chsn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: API correlations · CHSN correlations
