AVA vs PSIG: Correlation
Avista Corporation (AVA) and PS International Group Ltd. (PSIG) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and PSIG?
On 3 years of weekly data the AVA/PSIG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -696.0 %².
PSIG is close to the least connected end of AVA's tracked universe, ranking #18 of 20. The last year tells two different stories: AVA led by 60.8 percentage points, +6.9% for AVA against -53.9% for PSIG. One caveat on sizing: PSIG is 7.9 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.
AVA vs PSIG: side by side
| AVA (Avista Corporation) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | +6.9% | -53.9% |
| 5-year return | +15.3% | n/a |
| Volatility (ann.) | 19.8% | 157.0% |
| Beta vs S&P 500 | 0.05 | 0.97 |
| Max drawdown (3Y) | -14.0% | -96.0% |
| Market cap | $3.2B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 5.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVA | PSIG |
|---|---|---|
| 2022 | +8.8% | – |
| 2023 | -15.3% | – |
| 2024 | +7.8% | – |
| 2025 | +10.7% | +8.3% |
| 2026 | +1.6% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and PSIG good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVA and PSIG?
As of 2026-08-27, the correlation of weekly returns between AVA and PSIG is -0.24 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for AVA?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ava-vs-psig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ava-vs-psig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVA correlations · PSIG correlations
