ASTC vs KVHI: Correlation
Astrotech Corporation (ASTC) and KVH Industries, Inc. (KVHI) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and KVHI?
On 3 years of weekly data the ASTC/KVHI correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.37 lands near the 3-year figure. The 5-year figure is -0.23, and annualized covariance runs at -14793.7 %².
By 3-year correlation, KVHI places #38 of the 47 assets tracked against ASTC. Neither side won the trailing year by much: +37.5% against +39.9%. Risk is not evenly split, since ASTC carries 28.9 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.
ASTC vs KVHI: side by side
| ASTC (Astrotech Corporation) | KVHI (KVH Industries, Inc.) | |
|---|---|---|
| 1-year return | +37.5% | +39.9% |
| 5-year return | -78.4% | -25.9% |
| Volatility (ann.) | 1206.9% | 41.7% |
| Beta vs S&P 500 | 4.81 | 0.20 |
| Max drawdown (3Y) | -87.5% | -35.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | KVHI |
|---|---|---|
| 2022 | -51.0% | +11.2% |
| 2023 | -15.0% | -48.5% |
| 2024 | -20.8% | +8.4% |
| 2025 | -48.5% | +22.3% |
| 2026 | +105.8% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and KVHI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASTC and KVHI?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.37 over the last year and -0.23 over 5 years.
Is KVHI a good diversifier for ASTC?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/astc-vs-kvhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/astc-vs-kvhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTC correlations · KVHI correlations
