CIIT vs PRPL: Correlation
Tianci International, Inc. (CIIT) and Purple Innovation, Inc. (PRPL) show a very strong relationship: their 3-year correlation of weekly returns is 0.98.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIIT and PRPL?
Over the past 3 years, CIIT and PRPL moved with a correlation of 0.98, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.99 over 1 year against 0.98 over 3. Over 5 years the correlation is 0.93, and the annualized covariance of weekly returns is 963214.6 %².
In CIIT's tracked universe of 27 assets, PRPL sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months PRPL outperformed by 339.0 percentage points (-34.5% for CIIT against +304.5% for PRPL). One caveat on sizing: PRPL is 2.2 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.
CIIT vs PRPL: side by side
| CIIT (Tianci International, Inc.) | PRPL (Purple Innovation, Inc.) | |
|---|---|---|
| 1-year return | -34.5% | +304.5% |
| 5-year return | -77.6% | -82.0% |
| Volatility (ann.) | 673.6% | 1465.4% |
| Beta vs S&P 500 | -2.24 | -2.51 |
| Max drawdown (3Y) | -99.2% | -87.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIIT | PRPL |
|---|---|---|
| 2022 | +36.4% | -63.9% |
| 2023 | -44.8% | -78.3% |
| 2024 | +383.1% | -24.3% |
| 2025 | -91.7% | -11.4% |
| 2026 | +41.6% | +549.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIIT and PRPL good diversifiers for each other?
No. With a correlation of 0.98, CIIT and PRPL move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CIIT and PRPL?
Using weekly returns as of 2026-08-27: 0.98 over 3 years, with 0.99 over the last year and 0.93 over 5 years.
Is PRPL a good diversifier for CIIT?
No. With a correlation of 0.98, CIIT and PRPL move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.98 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/ciit-vs-prpl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ciit-vs-prpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CIIT correlations · PRPL correlations
