API vs TISI: Correlation
Measured on weekly returns over the past three years, Agora, Inc. (API) and Team, Inc. (TISI) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are API and TISI?
Across a 3-year window, the weekly returns of API and TISI correlate at 0.31, moderate. The past 12 months show a weaker link (0.04) than the 3-year average (0.31). Stretching to 5 years gives 0.17, with an annualized covariance of 2124.5 %².
By 3-year correlation, TISI places #8 of the 14 assets tracked against API. Over the last 12 months TISI came out ahead by 7.3 percentage points (+15.7% against +23.0%).
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 TISI: side by side
| API (Agora, Inc.) | TISI (Team, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +23.0% |
| 5-year return | -86.7% | -43.8% |
| Volatility (ann.) | 96.1% | 70.2% |
| Beta vs S&P 500 | 1.90 | 0.22 |
| Max drawdown (3Y) | -60.8% | -50.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 45.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | API | TISI |
|---|---|---|
| 2022 | -75.9% | -51.8% |
| 2023 | -32.7% | +25.7% |
| 2024 | +58.2% | +92.1% |
| 2025 | -2.2% | +11.4% |
| 2026 | -0.2% | +69.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are API and TISI good diversifiers for each other?
Reasonably. At 0.31, API and TISI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between API and TISI?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.04 over the last year and 0.17 over 5 years.
Is TISI a good diversifier for API?
Reasonably. At 0.31, API and TISI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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-tisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/api-vs-tisi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: API correlations · TISI correlations
