APPS vs CRSR: Correlation
How closely do Digital Turbine, Inc. (APPS) and Corsair Gaming, Inc. (CRSR) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPS and CRSR?
Over the past 3 years, APPS and CRSR moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 4318.9 %².
CRSR is one of the assets that tracks APPS most closely: it ranks #1 out of the 14 assets we track against APPS. The last year tells two different stories: APPS led by 137.5 percentage points, +173.0% for APPS against +35.5% for CRSR. One caveat on sizing: APPS is 1.8 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.
APPS vs CRSR: side by side
| APPS (Digital Turbine, Inc.) | CRSR (Corsair Gaming, Inc.) | |
|---|---|---|
| 1-year return | +173.0% | +35.5% |
| 5-year return | -77.7% | -57.7% |
| Volatility (ann.) | 130.3% | 71.0% |
| Beta vs S&P 500 | 2.13 | 2.22 |
| Max drawdown (3Y) | -86.7% | -71.3% |
| Market cap | $1.4B | $1.3B |
| P/E (trailing) | – | 38.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPS | CRSR |
|---|---|---|
| 2022 | -75.0% | -35.4% |
| 2023 | -55.0% | +3.9% |
| 2024 | -75.4% | -53.1% |
| 2025 | +195.9% | -10.1% |
| 2026 | +128.8% | +101.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPS and CRSR good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APPS and CRSR?
As of 2026-08-27, the correlation of weekly returns between APPS and CRSR is 0.47 over 3 years, 0.65 over 1 year and 0.49 over 5 years.
Is CRSR a good diversifier for APPS?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/apps-vs-crsr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apps-vs-crsr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPS correlations · CRSR correlations
