CHCI vs UMAC: Correlation
Measured on weekly returns over the past three years, Comstock Holding Companies, Inc. (CHCI) and Unusual Machines, Inc. (UMAC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCI and UMAC?
On 3 years of weekly data the CHCI/UMAC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -3398.2 %².
Among the 10 assets we track against CHCI, UMAC sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months UMAC outperformed by 143.0 percentage points (+14.1% for CHCI against +157.1% for UMAC). Note the risk asymmetry: UMAC runs 4.4 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.
CHCI vs UMAC: side by side
| CHCI (Comstock Holding Companies, Inc.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | +14.1% | +157.1% |
| 5-year return | +236.2% | n/a |
| Volatility (ann.) | 56.1% | 248.9% |
| Beta vs S&P 500 | -0.23 | 3.43 |
| Max drawdown (3Y) | -47.9% | -75.6% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCI | UMAC |
|---|---|---|
| 2022 | -12.4% | – |
| 2023 | +4.2% | – |
| 2024 | +82.4% | – |
| 2025 | +43.8% | -24.3% |
| 2026 | +71.0% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCI and UMAC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHCI and UMAC?
The CHCI/UMAC correlation stands at -0.23 on a 3-year window (1 year: -0.21, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UMAC a good diversifier for CHCI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/chci-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chci-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHCI correlations · UMAC correlations
