ESQ vs PSIG: Correlation
How closely do Esquire Financial Holdings, Inc. (ESQ) and PS International Group Ltd. (PSIG) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESQ and PSIG?
Across a 3-year window, the weekly returns of ESQ and PSIG correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1424.9 %².
Among the 10 assets we track against ESQ, PSIG sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ESQ outperformed by 68.4 percentage points (+14.5% for ESQ against -53.9% for PSIG). One caveat on sizing: PSIG is 5.4 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.
ESQ vs PSIG: side by side
| ESQ (Esquire Financial Holdings, Inc.) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | +14.5% | -53.9% |
| 5-year return | +359.7% | n/a |
| Volatility (ann.) | 29.3% | 157.0% |
| Beta vs S&P 500 | 0.60 | 0.97 |
| Max drawdown (3Y) | -20.7% | -96.0% |
| Market cap | $1.4B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESQ | PSIG |
|---|---|---|
| 2022 | +38.3% | – |
| 2023 | +16.7% | – |
| 2024 | +60.9% | – |
| 2025 | +29.4% | +8.3% |
| 2026 | +12.4% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESQ and PSIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ESQ and PSIG?
The ESQ/PSIG correlation stands at -0.30 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PSIG a good diversifier for ESQ?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
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Related comparisons
Hubs: ESQ correlations · PSIG correlations
