ASC vs TCI: Correlation
How closely do Ardmore Shipping Corporation (ASC) and Transcontinental Realty Investors, Inc. (TCI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASC and TCI?
Across a 3-year window, the weekly returns of ASC and TCI correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.24 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -404.5 %².
TCI is close to the least connected end of ASC's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months ASC outperformed by 73.3 percentage points (+58.0% for ASC against -15.3% for TCI).
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.
ASC vs TCI: side by side
| ASC (Ardmore Shipping Corporation) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | +58.0% | -15.3% |
| 5-year return | +514.4% | +9.7% |
| Volatility (ann.) | 38.9% | 44.2% |
| Beta vs S&P 500 | 0.31 | 0.28 |
| Max drawdown (3Y) | -61.4% | -43.8% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 6.9 | 41.9 |
| Dividend yield | 8.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASC | TCI |
|---|---|---|
| 2022 | +326.3% | +13.0% |
| 2023 | +5.8% | -21.8% |
| 2024 | -8.2% | -13.7% |
| 2025 | -11.1% | +96.6% |
| 2026 | +71.7% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASC and TCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASC and TCI?
As of 2026-08-27, the correlation of weekly returns between ASC and TCI is -0.24 over 3 years, -0.51 over 1 year and -0.12 over 5 years.
Is TCI a good diversifier for ASC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ASC correlations · TCI correlations
