GSIT vs MSAI: Correlation
GSI Technology, Inc. (GSIT) and MultiSensor AI Holdings, Inc. (MSAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIT and MSAI?
On 3 years of weekly data the GSIT/MSAI correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.47). The 5-year figure is 0.29, and annualized covariance runs at 6336.7 %².
MSAI is one of the assets that tracks GSIT most closely: it ranks #1 out of the 11 assets we track against GSIT. Correlation aside, the last 12 months split them widely, with GSIT ahead by 178.8 points (+97.3% versus -81.5%).
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.
GSIT vs MSAI: side by side
| GSIT (GSI Technology, Inc.) | MSAI (MultiSensor AI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +97.3% | -81.5% |
| 5-year return | +5.1% | -98.6% |
| Volatility (ann.) | 109.2% | 122.9% |
| Beta vs S&P 500 | 3.12 | 1.24 |
| Max drawdown (3Y) | -66.7% | -99.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSIT | MSAI |
|---|---|---|
| 2022 | -62.6% | +4.0% |
| 2023 | +52.6% | -67.2% |
| 2024 | +14.8% | -45.1% |
| 2025 | +105.0% | -84.3% |
| 2026 | -4.3% | -52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIT and MSAI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GSIT and MSAI?
As of 2026-08-27, the correlation of weekly returns between GSIT and MSAI is 0.47 over 3 years, 0.60 over 1 year and 0.29 over 5 years.
Is MSAI a good diversifier for GSIT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/gsit-vs-msai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gsit-vs-msai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GSIT correlations · MSAI correlations
