CIIT vs SLND: Correlation
How closely do Tianci International, Inc. (CIIT) and Southland Holdings, Inc. (SLND) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIIT and SLND?
On 3 years of weekly data the CIIT/SLND correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.31, and annualized covariance runs at -18080.2 %².
SLND is close to the least connected end of CIIT's tracked universe, ranking #23 of 27. Their recent paths diverged sharply: over the last 12 months CIIT outperformed by 49.5 percentage points (-34.5% for CIIT against -84.0% for SLND). One caveat on sizing: CIIT is 8.4 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 SLND: side by side
| CIIT (Tianci International, Inc.) | SLND (Southland Holdings, Inc.) | |
|---|---|---|
| 1-year return | -34.5% | -84.0% |
| 5-year return | -77.6% | -93.4% |
| Volatility (ann.) | 673.6% | 80.0% |
| Beta vs S&P 500 | -2.24 | 0.62 |
| Max drawdown (3Y) | -99.2% | -92.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIIT | SLND |
|---|---|---|
| 2022 | +36.4% | +2.9% |
| 2023 | -44.8% | -49.5% |
| 2024 | +383.1% | -37.0% |
| 2025 | -91.7% | +2.2% |
| 2026 | +41.6% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIIT and SLND good diversifiers for each other?
Yes. With a correlation of -0.34, CIIT and SLND have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIIT and SLND?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.38 over the last year and -0.31 over 5 years.
Is SLND a good diversifier for CIIT?
Yes. With a correlation of -0.34, CIIT and SLND have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
A reading of -0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CIIT correlations · SLND correlations
