DSY vs MIND: Correlation
How closely do Big Tree Cloud Holdings Limited - Class A (DSY) and MIND Technology, Inc. (MIND) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSY and MIND?
Over the past 3 years, DSY and MIND moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.19 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2595.5 %².
Among the 10 assets we track against DSY, MIND sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with MIND ahead by 25.9 points (-81.8% versus -55.9%). One caveat on sizing: DSY is 2.1 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.
DSY vs MIND: side by side
| DSY (Big Tree Cloud Holdings Limited - Class A) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -81.8% | -55.9% |
| 5-year return | n/a | -77.3% |
| Volatility (ann.) | 168.9% | 79.5% |
| Beta vs S&P 500 | 1.72 | 0.91 |
| Max drawdown (3Y) | -99.2% | -70.0% |
| Market cap | – | – |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSY | MIND |
|---|---|---|
| 2022 | – | -72.8% |
| 2023 | – | +43.3% |
| 2024 | -70.4% | +20.5% |
| 2025 | -91.3% | +10.7% |
| 2026 | -28.0% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSY and MIND good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DSY and MIND?
As of 2026-08-27, the correlation of weekly returns between DSY and MIND is -0.19 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is MIND a good diversifier for DSY?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsy-vs-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsy-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSY correlations · MIND correlations
