APPS vs TSAT: Correlation
Measured on weekly returns over the past three years, Digital Turbine, Inc. (APPS) and Telesat Corporation - Class A (TSAT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPS and TSAT?
Over the past 3 years, APPS and TSAT moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.42 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4168.7 %².
Among the 14 assets we track against APPS, TSAT ranks #6 by 3-year correlation. The last year tells two different stories: APPS led by 45.9 percentage points, +173.0% for APPS against +127.1% for TSAT. Note the risk asymmetry: APPS runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TSAT: side by side
| APPS (Digital Turbine, Inc.) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | +173.0% | +127.1% |
| 5-year return | -77.7% | +10.3% |
| Volatility (ann.) | 130.3% | 76.7% |
| Beta vs S&P 500 | 2.13 | 1.43 |
| Max drawdown (3Y) | -86.7% | -64.5% |
| Market cap | $1.4B | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPS | TSAT |
|---|---|---|
| 2022 | -75.0% | -73.8% |
| 2023 | -55.0% | +39.1% |
| 2024 | -75.4% | +57.6% |
| 2025 | +195.9% | +77.0% |
| 2026 | +128.8% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPS and TSAT good diversifiers for each other?
Reasonably. At 0.42, APPS and TSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APPS and TSAT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.53 over the last year and 0.38 over 5 years.
Is TSAT a good diversifier for APPS?
Reasonably. At 0.42, APPS and TSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apps-vs-tsat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apps-vs-tsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPS correlations · TSAT correlations
