HOUR vs SES: Correlation
How closely do Hour Loop, Inc. (HOUR) and SES AI Corporation (SES) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOUR and SES?
On 3 years of weekly data the HOUR/SES correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.46 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 17125.7 %².
By 3-year correlation, SES places #4 of the 10 assets tracked against HOUR. Their recent paths diverged sharply: over the last 12 months HOUR outperformed by 77.1 percentage points (+26.1% for HOUR against -51.0% for SES). Note the risk asymmetry: SES runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HOUR vs SES: side by side
| HOUR (Hour Loop, Inc.) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | +26.1% | -51.0% |
| 5-year return | -76.6% | -94.5% |
| Volatility (ann.) | 126.8% | 294.5% |
| Beta vs S&P 500 | 1.23 | 2.43 |
| Max drawdown (3Y) | -74.1% | -89.7% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 46.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOUR | SES |
|---|---|---|
| 2022 | – | -68.3% |
| 2023 | -47.0% | -41.9% |
| 2024 | +62.6% | +19.7% |
| 2025 | -20.0% | -17.8% |
| 2026 | +3.9% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOUR and SES good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOUR and SES?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with -0.04 over the last year and 0.36 over 5 years.
Is SES a good diversifier for HOUR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/hour-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hour-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOUR correlations · SES correlations
