FSEA vs HIHO: Correlation
Measured on weekly returns over the past three years, First Seacoast Bancorp, Inc. (FSEA) and Highway Holdings Limited (HIHO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and HIHO?
Over the past 3 years, FSEA and HIHO moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -502.1 %².
By 3-year correlation, HIHO places #18 of the 47 assets tracked against FSEA. The last year tells two different stories: FSEA led by 95.6 percentage points, +48.9% for FSEA against -46.7% for HIHO. One caveat on sizing: HIHO 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.
FSEA vs HIHO: side by side
| FSEA (First Seacoast Bancorp, Inc.) | HIHO (Highway Holdings Limited) | |
|---|---|---|
| 1-year return | +48.9% | -46.7% |
| 5-year return | +44.2% | -69.9% |
| Volatility (ann.) | 33.2% | 70.6% |
| Beta vs S&P 500 | 0.19 | 0.55 |
| Max drawdown (3Y) | -21.5% | -70.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | HIHO |
|---|---|---|
| 2022 | -10.5% | -43.3% |
| 2023 | -32.7% | +0.9% |
| 2024 | +30.6% | +3.5% |
| 2025 | +31.5% | -18.5% |
| 2026 | +29.7% | -41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and HIHO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FSEA and HIHO?
As of 2026-08-27, the correlation of weekly returns between FSEA and HIHO is -0.21 over 3 years, -0.25 over 1 year and -0.16 over 5 years.
Is HIHO a good diversifier for FSEA?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/fsea-vs-hiho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsea-vs-hiho/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSEA correlations · HIHO correlations
